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Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
 The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping Ports and Logistics Ltd has won a bid to develop and operate a Rs479 crore (US$ 103,272,401) coal handling terminal at the Union government-owned Paradip port in Orissa.
“We have received a letter from Paradip port conveying its intent to award the project to us,” said V. Ashok, a director at the Essar Group.
Paradip port chairman K. Raghuramaiah said the firm was the highest bidder in a public auction.
The contract for the coal-handling project, stretching up to 30 years, will be signed after the Orissa high court disposes of a petition filed by a company that was excluded from the bidding process.
“The case will come up for hearing any day,” Raghuramaiah said by phone from Paradip. Essar Shipping had quoted a revenue share price bid of 22% for the terminal with a capacity to handle 10 million tonnes of coal a year.
The firm will share that percentage of the revenue earned from operating the terminal with the port for each of the 30 years.
According to rules for auctioning port projects, the bidder willing to share the highest percentage from its annual operating gross revenues with the government-owned facility will win the rights to develop and operate the cargo-handling berths.
Essar Steel Ltd, another group company, is setting up an integrated 6 million tonne (mt) per annum steel plant just 3km from Paradip port. The first phase of the project is slated for completion by the first quarter of 2010. The coal terminal will help the company import a key raw material used for making steel.
Jindal Steel and Power Ltd, which did not qualify for bidding, challenged its exclusion in the Orissa high court, which stayed the auction process. Paradip port got the stay vacated by the Supreme Court, which also directed the Orissa high court to decide the case expeditiously.
“We are waiting for the court case to be sorted out before signing the contract,” Essar Shipping’s Ashok said.
Paradip is one of the 12 ports owned by the central government that together handle some 72% of India’s external trade shipped by sea. They handled 530mt of cargo in the year ended March. The new project is one among several planned by the government to raise cargo handling capacity at the dozen ports to 1,016mt by 2012 from the existing 567mt to overcome capacity bottlenecks.
Source: Live Mint
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Monday, 12 October 09
SHANDUKA BUYS SACMH RICHARDS BAY COAL ALLOCATION
* Shanduka Coal takes SACMH 500,000T export space
* RBCT must approve any change of ownership
Reuters reported that, South Africa's Shanduka Co ...
Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
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- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
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