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Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
.jpg) These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported that, after losing bids to acquire coal mines in Mozambique and Australia, International Coal and Ventures Ltd, or ICVL, a company set up by five Indian state-owned firms, is in talks with the Indonesian government to buy coal blocks in that country, a senior official of the ministry of steel said last week.
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13, said Pramod Kumar Rastogi, secretary, ministry of steel. Coking coal is one of the two important inputs for steel making, the other being iron ore. India is self-reliant in iron ore but imports almost 70% of its 25-30 mt annual coking coal requirement.
A delegation from ICVL recently returned from Indonesia after preliminary discussions with the Indonesian government. It will be followed by another delegation. Rastogi did not provide more details about the potential deal.
ICVL—funded by Steel Authority of India Ltd, NMDC Ltd, Coal India Ltd (CIL), NTPC Ltd and Rashtriya Ispat Nigam Ltd—has been trying to acquire blocks in the US, New Zealand and Canada. While CIL was allocated two coal blocks at Motaize in Mozambique in March for thermal coal, used in power plants, ICVL has not yet had any success with coking coal.
Indian steel firms have big expansion plans to meet anticipated demand from the housing, consumer goods and infrastructure sectors. “Hence, it is critical to secure supplies of coking coal by owning captive coal blocks,” Rastogi said.
Arvind Mahajan, executive director at consulting firm KPMG India Pvt. Ltd, said it is critical that a company has access to regular coal supply, both coking and thermal coal, to help minimize price fluctuations. “Though most steel makers have long term supply contracts for raw materials, these are not long term in a real sense,” he said. Most of the contracts are not long enough to hedge steel makers against price fluctuations.
Private firms have been more successful at securing long-term supplies than public sector companies. For example, Tata Steel Ltd aims to ensure secured supply of 60% of its raw materials by 2015, up from 25% now, by strengthening its holdings in overseas mines. In July, Tata Steel Global Minerals Holdings Pte Ltd, a wholly-owned subsidiary of Tata Steel, bought additional shares in Australia-based Riversdale Mining Ltd through market purchases, increasing its holding to 19.38%. It is also evaluating several mines in Brazil and Australia. On 28 August, The Economic Times reported that JSW group is in advanced talks to acquire coal mines in Swaziland in Africa.
Rastogi said the current downturn in the global steel industry makes this a good time to secure supplies before prices of coal blocks firm up as demand revives.
Source: LiveMint
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Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
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- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Australian Coal Association
- Bhatia International Limited - India
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Edison Trading Spa - Italy
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