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Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
 Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatching coal next month, chairman Anil Sethi said.
SPML had acquired the PT Bism mine along with power equipment maker Emco last year for about $40 million. SPML holds 55% in the mine and Emco the rest. "The infrastructural activity at the mine was on for a year and we began mining last month," Sethi said. The mine has reserves of over 100 million tonnes. "We plan to export the coal to all across Asia, including India," he said.
The Indonesian government had last month proposed a plan to cap the export of coal at 150 million tonnes a year to meet the demand of local companies. The plan could come into force next year. "After the ban we would supply about 25-30% of the coal to local companies and export the rest," Sethi said. He added that the mine would start booking revenues next fiscal. He did not reveal how much the company expects the mine to contribute to the topline. "The market is volatile right now, so we can make a projection in a couple of months," he added.
SPML has an order-book of Rs 3,800 crore, about 60% of which comes from water contracts, 25% from infrastructure and 15% from power, which includes rural electrification, sub-stations and transmission lines. Their contribution to the topline is in a similar proportion.
"We are not very keen on rural electrification projects because of issues with villagers and panchayats," said Sethi. The share of power contracts in the order-book was 40% last year. SPML is one of the biggest companies in the water space, with projects spread across the country. SPML is also developing 42 mw of hydro power in Himachal Pradesh.
Source: DNA India
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Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
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- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
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- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
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- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
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- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
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- White Energy Company Limited
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- Jaiprakash Power Ventures ltd
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- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
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- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
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- Commonwealth Bank - Australia
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- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
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- Bangladesh Power Developement Board
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- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Kumho Petrochemical, South Korea
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- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
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- GAC Shipping (India) Pvt Ltd
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- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Parliament of New Zealand
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- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Australian Commodity Traders Exchange
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- Sree Jayajothi Cements Limited - India
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- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Australian Coal Association
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
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- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- MS Steel International - UAE
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
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- Africa Commodities Group - South Africa
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- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
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- Chamber of Mines of South Africa
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- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
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- The University of Queensland
- GMR Energy Limited - India
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