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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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Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
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- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- PTC India Limited - India
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
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