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Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
 BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power has a 30% stake, performed well during 2008 and were profitable even at current coal prices.
According to sourced, it will use half the quantity of coal it gets from the Indonesian mines for its 4,000 MW ultra mega power project that is under construction at Mundra in Gujarat.
According to the company, the Indonesian mines produced 52 million tonne in FY 2009 with an average realized price of USD 77.56 tonne.
Mr S Ramakrishnan executive director, finance of TATA Power said that given the current coal prices, the company had started to review all capital expenditure except that which leads to cost reduction. He said we have put all the other CAPEX on hold at this point of time.
Mr Ramakrishnan said that the operations at the coal mines were profitable even at these low prices as the cost of mining operations had gone down with the fall in oil prices.
He said on the breakeven price that "If our realization goes down further by another USD 5 to USD 10, we will come into an area where the breakeven will come but we believe that the coal prices are at a rock bottom."
As per report, TATA Power will spend about INR 5,500 crore this year on various projects, including that of the special purpose vehicles floated by it, of which INR 1,700 crore will be equity. Next year, it estimates the capital expenditure will be INR 6,900 crore.
The company's generation capacity was 2,785 MW at the end of the last financial year and it will add 220 MW this year. It generated 14,807 million units in 2008-09 against 14,717 million units in the previous year. It had made an impairment provision of INR 280 crore on account of recognition of goodwill impairment loss relating to its investments in certain overseas JV.
TATA Power said that it will consider all options to raise finances to meet its equity commitments. It has raised short term funds of INR 1,300 crore, which would see it through this financial year. Its debt on a consolidated basis was about INR 13,900 crore.
Source: Steel Guru
(http://steelguru.com/news/index/2009/07/07/MTAxMjc5/TATA_Power_aid_the_Indonesian_coal_mines.html)
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Tuesday, 28 July 09
SHENZHEN ENERGY INKS COAL PURCHASE CONTRACT WITH CHINA SHENHUA
China Knowledge reported that, Shenzhen Energy Group Co Ltd has signed a five-year contract with China Shenhua Energy Co Ltd, which is engaged in th ...
Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
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- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Australian Coal Association
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
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