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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, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
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- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
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- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
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- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
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- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
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- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
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- Africa Commodities Group - South Africa
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- New Zealand Coal & Carbon
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- Australian Coal Association
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- Electricity Generating Authority of Thailand
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- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
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- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
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- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
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