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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, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
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- Latin American Coal - Colombia
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- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
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- Tata Chemicals Ltd - India
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- Holcim Trading Pte Ltd - Singapore
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- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
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- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
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- Parliament of New Zealand
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- Sical Logistics Limited - India
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- Minerals Council of Australia
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- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
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- Formosa Plastics Group - Taiwan
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- Globalindo Alam Lestari - Indonesia
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- Bangladesh Power Developement Board
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- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
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- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
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- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
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- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
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- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
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- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
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- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
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- Bhushan Steel Limited - India
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- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
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- Central Electricity Authority - India
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- Gujarat Sidhee Cement - India
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- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
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- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- The University of Queensland
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
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- Ministry of Finance - Indonesia
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- Electricity Authority, New Zealand
- ASAPP Information Group - India
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- India Bulls Power Limited - India
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- Kaltim Prima Coal - Indonesia
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- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
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