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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, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
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- VISA Power Limited - India
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- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
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- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
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- SMG Consultants - Indonesia
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- Trasteel International SA, Italy
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- Electricity Authority, New Zealand
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- Aditya Birla Group - India
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- Thiess Contractors Indonesia
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- IEA Clean Coal Centre - UK
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- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
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- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
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- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
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- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
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- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
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- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Directorate General of MIneral and Coal - Indonesia
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- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
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- Intertek Mineral Services - Indonesia
- The University of Queensland
- Ambuja Cements Ltd - India
- Minerals Council of Australia
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- India Bulls Power Limited - India
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- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
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- White Energy Company Limited
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- Tamil Nadu electricity Board
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- Economic Council, Georgia
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- Bangladesh Power Developement Board
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- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
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- Electricity Generating Authority of Thailand
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- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
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