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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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Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
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- Kalimantan Lumbung Energi - Indonesia
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- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Planning Commission, India
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- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
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- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
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- Bangladesh Power Developement Board
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- Energy Development Corp, Philippines
- White Energy Company Limited
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- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
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- The State Trading Corporation of India Ltd
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- Independent Power Producers Association of India
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- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
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- Pipit Mutiara Jaya. PT, Indonesia
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- Sarangani Energy Corporation, Philippines
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- Sinarmas Energy and Mining - Indonesia
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- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
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- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
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- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
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- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
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- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
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- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
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- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
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- European Bulk Services B.V. - Netherlands
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- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
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- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
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- Africa Commodities Group - South Africa
- MS Steel International - UAE
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