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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, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
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- Electricity Authority, New Zealand
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- PTC India Limited - India
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- Central Java Power - Indonesia
- Star Paper Mills Limited - India
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- Renaissance Capital - South Africa
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
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- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
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- Coalindo Energy - Indonesia
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- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
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- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
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- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
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- Eastern Coal Council - USA
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- Bangladesh Power Developement Board
- The University of Queensland
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- Essar Steel Hazira Ltd - India
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- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- VISA Power Limited - India
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- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
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- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
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- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
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- Australian Coal Association
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- Indian Oil Corporation Limited
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- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
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- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
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- Antam Resourcindo - Indonesia
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- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
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- Pipit Mutiara Jaya. PT, Indonesia
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- Coal and Oil Company - UAE
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- India Bulls Power Limited - India
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- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
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- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
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- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
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- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
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- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
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- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
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- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Aditya Birla Group - India
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