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.
|
|
Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
Saturday, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...
Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...
Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...
Tuesday, 01 September 09
THREE COAL INVESTMENTS AND A SECTOR ON FIRE
With recession fears fading into the past in Asia and growth increasingly back on track in the West, global energy demand is again surging. It's no ...
|
|
|
Showing 6451 to 6455 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
|
| |
| |
|
