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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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Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
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- Neyveli Lignite Corporation Ltd, - India
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- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
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- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
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- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
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- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
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- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
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- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- PTC India Limited - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
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- Romanian Commodities Exchange
- The University of Queensland
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- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
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- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Planning Commission, India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Chamber of Mines of South Africa
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
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- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
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- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
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