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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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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
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- Antam Resourcindo - Indonesia
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- Australian Coal Association
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
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- CNBM International Corporation - China
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Jaiprakash Power Ventures ltd
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- Ministry of Mines - Canada
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- PTC India Limited - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
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- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
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- Neyveli Lignite Corporation Ltd, - India
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- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
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- Star Paper Mills Limited - India
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- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Interocean Group of Companies - India
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- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
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- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
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- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
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- Siam City Cement - Thailand
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
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