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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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Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- Videocon Industries ltd - India
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- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
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- Tata Chemicals Ltd - India
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- PowerSource Philippines DevCo
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- McConnell Dowell - Australia
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- Parry Sugars Refinery, India
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- Chamber of Mines of South Africa
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- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
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- Standard Chartered Bank - UAE
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- Metalloyd Limited - United Kingdom
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
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- The Treasury - Australian Government
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- Global Coal Blending Company Limited - Australia
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- Samtan Co., Ltd - South Korea
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- MS Steel International - UAE
- Parliament of New Zealand
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Minerals Council of Australia
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- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
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- New Zealand Coal & Carbon
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- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
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- Australian Coal Association
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- Altura Mining Limited, Indonesia
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- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
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- Sarangani Energy Corporation, Philippines
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- Thiess Contractors Indonesia
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- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
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- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
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- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
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- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
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- Ministry of Finance - Indonesia
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- Baramulti Group, Indonesia
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- Global Business Power Corporation, Philippines
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- Gujarat Electricity Regulatory Commission - India
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- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
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- Coalindo Energy - Indonesia
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- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
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