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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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Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
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- White Energy Company Limited
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- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
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- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
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- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
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- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
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- Simpson Spence & Young - Indonesia
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- VISA Power Limited - India
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- Straits Asia Resources Limited - Singapore
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- Rio Tinto Coal - Australia
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- Independent Power Producers Association of India
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- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
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- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
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- Deloitte Consulting - India
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- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
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- Kohat Cement Company Ltd. - Pakistan
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- Agrawal Coal Company - India
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- AsiaOL BioFuels Corp., Philippines
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- Directorate Of Revenue Intelligence - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Posco Energy - South Korea
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- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Planning Commission, India
- MS Steel International - UAE
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
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- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
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- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- ASAPP Information Group - India
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- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
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- Holcim Trading Pte Ltd - Singapore
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- Wood Mackenzie - Singapore
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- Economic Council, Georgia
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- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
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- IEA Clean Coal Centre - UK
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- Sojitz Corporation - Japan
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- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
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- Trasteel International SA, Italy
- Heidelberg Cement - Germany
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- San Jose City I Power Corp, Philippines
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