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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 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Interocean Group of Companies - India
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- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- White Energy Company Limited
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
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