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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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Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
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- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
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- Eastern Coal Council - USA
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- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Planning Commission, India
- CNBM International Corporation - China
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- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
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- Coastal Gujarat Power Limited - India
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- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- PTC India Limited - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
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