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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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Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- OPG Power Generation Pvt Ltd - India
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- Electricity Generating Authority of Thailand
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- San Jose City I Power Corp, Philippines
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- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
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- Meralco Power Generation, Philippines
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- Straits Asia Resources Limited - Singapore
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- Central Electricity Authority - India
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
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- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Chamber of Mines of South Africa
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- The University of Queensland
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- Baramulti Group, Indonesia
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- Intertek Mineral Services - Indonesia
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- Ministry of Transport, Egypt
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
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- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
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- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
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- Eastern Coal Council - USA
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
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- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
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- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
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- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
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- Parliament of New Zealand
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- White Energy Company Limited
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
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- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Latin American Coal - Colombia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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