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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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Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
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- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- The University of Queensland
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
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