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Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja told PTI.
Binani Cement, which has 6 million tonnes installed capacity now, needs to import 6-7 lakh tonnes of coal to feed its plants in a year.
The company also plans to put up a 2.5 million tonnes per annum clicker plant in Gujarat with an investment of Rs 800 crore and is awaiting for the state government's mining policy to take the plan forward.
Juneja said the company was looking to acquire a mine, which might meet 70-80 per cent of its total coal demand for 10-20 years.
Binani Cement plans to put up a subsidiary in Singapore which would take the company's acquisition plan forward, he said.
Juneja said the company has chalked out a plan to double its cement capacity in the next two years through organic and inorganic routes.
"We are looking for acquisition. We have appointed an investment banker which is doing the due diligence for a target in Turkey," Juneja said, declining to give further details.
Juneja said the Indian cement industry may is witness margins getting squeezed if the coal and energy prices go up further.
"Margins till September has improved, but it will come down if coal and energy prices escalate. However, if petroleum prices go up, coal prices will also increase."
Binani's current capacity utilisation stood at 95 per cent, he said and hoped the company would be able to maintain the tempo in the remaining period of the current fiscal as the demand for cement from North India would remain firm till the end of the Commonwealth Games in October next year.
Source: Business-Standard
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Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Planning Commission, India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
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