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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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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- GMR Energy Limited - India
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