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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, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
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- International Coal Ventures Pvt Ltd - India
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- PTC India Limited - India
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- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
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- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
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- Georgia Ports Authority, United States
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- Borneo Indobara - Indonesia
- Minerals Council of Australia
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- Romanian Commodities Exchange
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- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
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- Commonwealth Bank - Australia
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- IHS Mccloskey Coal Group - USA
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Finance - Indonesia
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- GMR Energy Limited - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
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- Tamil Nadu electricity Board
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- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
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- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
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- San Jose City I Power Corp, Philippines
- The University of Queensland
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- The Treasury - Australian Government
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- Ministry of Mines - Canada
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
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- Electricity Authority, New Zealand
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- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- Global Green Power PLC Corporation, Philippines
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