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Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
 Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coastal Energy Company with a combined investment of around Rs 700 crore.
Tuticorin Port Trust chairman GJ Rao said the NLC facility would come up at the North Cargo berth and have a capacity of 5 million tonnes a year. The port has already floated a tender for developing the facility. The proposed investment in the facility would be around Rs 350 crore, which will be made by the corporation.
The imported thermal coal is meant for the upcoming Rs 4,900-crore 1,000 mega watt power plant of NLC in Tuticorin. Both, power plant and coal handling facility, are expected to commence operation by mid -2011, said Rao.
For Coastal Energy, the port would invite request for qualification (RFQ) on June 30. Coastal Energy is planning to set up a 250 Mw coal-based power plant with an investment of around Rs 1,200 crore. The handling facility, also with around Rs 350 crore investment, would become operational by mid-2012 and handle 5 million tonnes of coal a year.
The port, located at the southern tip of the country, handled 5.5 million tonnes of thermal coal and 2.1 million tonnes of industrial coal in 2009-10. To attract industrial coal traffic, it recently announced a 30 per cent reduction in tariff.
Rao said the coal traffic would remain at the same level in 2009-10 but was expected to increase three-fold from 2011-12 on the back of a few power projects, which are likely to commence operations in 2011-12.
Besides, the port has received expression of interest from two companies — Madras Cements and Dubai-based Coal and Oil Company — for the development of its proposed Rs 1200-crore power plant at Hare Island in Tuticorin. It is now in the process of creating a detailed project report for the project.
Source: Business Standard
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Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
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- Altura Mining Limited, Indonesia
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- Agrawal Coal Company - India
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- Ceylon Electricity Board - Sri Lanka
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- Eastern Coal Council - USA
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- Indian Oil Corporation Limited
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- Global Coal Blending Company Limited - Australia
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- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
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- GAC Shipping (India) Pvt Ltd
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- PowerSource Philippines DevCo
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- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
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- Bangladesh Power Developement Board
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- Australian Coal Association
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Sojitz Corporation - Japan
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- Indonesian Coal Mining Association
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