We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
 Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and construction services provider PT Truba Alam Manunggal to acquire its thermal coal mine in South Sumatra for $80-90 million, said a person with direct knowledge of the development.
The Lanco Infratech spokesman declined to comment on the development. But a person privy to the company’s plan said: “Lanco Infratech is in talks with not just one but multiple companies in Indonesia, South Africa and Australia. The company’s requirement of thermal coal is around 4 million tonnes now.”
Thermal coal is a key raw material used for power generation, a sector Lanco has interest in.
The talks, if successful, will give Lanco Infratech access to 140 million tonnes of coal reserves, which will help meet its raw material requirement for a proposed coal-based power project in Karnataka. The acquisition will also help the Indian firm optimise the overall cost of producing power.
The deal between the two is being facilitated by Hindustan Global Resources, an Australian firm engaged in exploration, mining and consulting. The firm, owned by a group of non-resident Indians, has also told Lanco Infratech that it would help the Indian company develop the mine once the deal is sealed.
In the past few years, power companies have become active in scouting for coal mines overseas due to the unavailability of good coal in India.
Early this year, GMR Infrastructure acquired Indonesian coal company PT Barasentosa Lestari to ensure coal supply for its proposed 1,500 MW power plant on the western coast. Last month, Jindal Steel and Power bought a thermal coal mine in South Africa.
A steel analyst based in Delhi, who did not wish to be quoted, feels getting access to coal mines in India is not easy. This is because there’s a lot of paper work and a long waiting period involved, and even after the tedious wait, there’s no guarantee the company will get access to the mine. Secondly, coal in India is found in forests and areas inhabited by tribes, which will be disturbed by mining.
“We have identified a few coal blocks in Indonesia and Australia that were up for sale and forwarded the proposal to Lanco. They are talking to the firms concerned,” said Hindustan Global Resources vice-president Amar Bhasin. He, however, declined to name the foreign mining entities.
Lanco Infratech owns gas, wind and hydro-based power projects across India with operational capacity of 500 MW. The company clocked a turnover of around Rs 6,000 crore last fiscal. It posted a 96% jump in its consolidated net profit to Rs 115.85 crore for the first quarter ended June 30, 2009 over the corresponding period last year.
The company is setting up one power plant each in Karnataka and Chhattisgarh of 507.5 MW and 600 MW, respectively. It is also doubling the capacity of its Andhra Pradesh power plant to 736 MW. An additional 1,400 MW capacity will be commissioned by March next year.
Hyderabad-based Lanco Infratech also has interests in engineering, procurement and construction services. The Indonesian firm, on the other hand, carries out coal mining and trading activities through its subsidiary, PT Maxima Infrastruktur.
Source: Economic Times
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
|
|
|
Showing 6481 to 6485 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Planning Commission, India
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Australian Coal Association
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
|
| |
| |
|
