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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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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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- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- The University of Queensland
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
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