We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
|
|
|
Showing 6436 to 6440 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- MS Steel International - UAE
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
|
| |
| |
|
