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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
 Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acquire, through a joint venture (JV) with other Indian companies, coking coal projects in Mozambique, as well as in Australia and Indonesia “We are looking at several opportunities, but I can’t discuss the names,” Sail chairperson S K Roongta told Bloomberg News in Beijing. “I can’t set a timeline but we would like it to happen at the earliest.”
He explained that his group was seeking to increase its steel production in order to meet growing domestic Indian demand. According to the World Steel Association, the demand for steel in India is likely to show an 8,9% increase this year and a 12,1% rise next year. It is reported that Sail itself expects to produce 14-million tons of crude steel between July 2009 and June 2010.
The JV, of which Sail is a member, was set up with the encouragement of India’s federal government and is called International Coal Ventures. The JV is composed of five companies, all State-owned. Apart from Sail, which is 86%-owned by the Indian government, the members of the JV are Coal India, the National Development Corporation, NTPC (National Thermal Power Corporation, India’s biggest thermal power generating company) and Rashtriya Ispat Nigam (another steel company). Sail and Coal India each have two-sevenths of the JV’s equity, while the other three each hold one-seventh.
Coal India was allocated two coal blocks in Mozambique, in March. These are the A-1 and A-2 blocks in Tete province. The International Coal Ventures JV was formed in May. The JV’s interest in buying further coal blocks in Mozambique was made public, in a document released by the Indian High Commission in Maputo, in August.
Sail is a fully integrated iron- and steel- making company. In terms of turnover, it is one of the ten biggest State-owned companies in India. It manufactures basic and special steels for India’s automotive, construction, defence, engineering, power and railway industries.
It also exports steel. Its products include hot- and cold-rolled sheets and coils, plates, bars and rods, galvanised sheets, electrical sheets, structural steel, railway products, stainless steel and other alloy steels.
Sail operates five integrated steel plants and three special steel plants, as well as its own iron-ore, dolomite and limestone mines. In fact, it is India’s second-largest iron-ore-miner and has what it calls “the country’s second-largest mines network”. Sail also has its own Research and Development Centre for Iron and Steel.
Although formally established in 1973, Sail can trace its beginnings back to 1960 and to the establishment of the Alloy Steels plant at Durgapur, in West Bengal.
The group is currently carrying out a modernisation and expansion programme. This will see production of hot metal increase from the 2006/7 level of 14,6-million tons per year (Mtpa) to 23,5 Mtpa by 2012 and thereafter to 26,2 Mpta; the production of crude steel rise from 13,5 Mpta (2006/7) to 21,4 Mpta (2012) and then to 24,6 Mpta; and the production of ‘saleable steel’ go up from 12,6 Mpta (2006/7) to 20,2 Mpta (2012) and then to 23,1 Mpta.
Modernisation will result in Sail producing all its steel using blast oyxgen furnaces, installing auxiliary fuel injection systems in all blast furnaces, processing all its steel by continuous casting, adding value by reducing the production of semi- finished steel, installing the latest computerised and automated process control systems and implementing online testing and quality control.
Source: Mining Weekly
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Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
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- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- The University of Queensland
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
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