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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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Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
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- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
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- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
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- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
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- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- White Energy Company Limited
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
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- Wilmar Investment Holdings
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- Global Business Power Corporation, Philippines
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- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- The University of Queensland
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
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- Carbofer General Trading SA - India
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- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- PTC India Limited - India
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
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- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
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- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
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