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.
|
|
Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
|
|
|
Showing 6511 to 6515 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
|
| |
| |
|
