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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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Tuesday, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Australian Coal Association
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
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