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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, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
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- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
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- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
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- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
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- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
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- Iligan Light & Power Inc, Philippines
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- Georgia Ports Authority, United States
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- Madhucon Powers Ltd - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
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- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
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- Bulk Trading Sa - Switzerland
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- Energy Link Ltd, New Zealand
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- White Energy Company Limited
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
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- ICICI Bank Limited - India
- Ministry of Transport, Egypt
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- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Cement Manufacturers Association - India
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- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
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- Orica Australia Pty. Ltd.
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- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
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- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
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- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Wilmar Investment Holdings
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- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
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- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Trasteel International SA, Italy
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
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- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
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- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
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- Billiton Holdings Pty Ltd - Australia
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