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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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Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
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- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Minerals Council of Australia
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
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