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Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
 India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy to hedge against the cyclical nature of the shipping business.
The HK Mittal-controlled company has earmarked up to $100 million capex (nearly Rs 450 crore) for its coal business and is targeting production of 8 to 10 million tonne (MT) annually from Indonesia over the next five years. “The company is in talks with the Indonesian government and some private players for acquiring the coal mines,” a top level company source told ET.
Indonesia, the world’s third-largest exporter of steaming coal after Australia and China, had coal reserves of 4,328 MT at the end of 2007, according to a survey. The Indonesian government has allowed Indian companies to own 100% stake in coal mines.
Mercator acquired a coal block in Mozambique in 2008 and three coal mines in Indonesia last year and is aggressively searching for more in view of the huge demand from India and other countries.
While production has not yet started at the Mozambique block, the shipping firm is currently producing more than 2 MT of coal per year from the three Indonesian mines, which have a deposit of 21 MT. Now, Mercator has become the biggest exporter of coal from Indonesia to India through its subsidiary Oorja.
“We are keen to quickly acquire more mines in Indonesia. We may acquire a coal mine this year itself,” said sources. The company, over the past few years, has been attempting to minimise the impact of the cyclical nature of the shipping industry through its foray into other activities. As a result, during the first six months of the current financial year, revenues from offshore, coal handling and coal mining amounted to Rs 219.6 crore (US$ 47,739,130) or 25.7%, of its total consolidated revenues during the period. (1 USD = 46.0000 INR)
Source:Economic Times
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Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
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- Ceylon Electricity Board - Sri Lanka
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- Sojitz Corporation - Japan
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- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Energy Link Ltd, New Zealand
- Parliament of New Zealand
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- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
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- Orica Australia Pty. Ltd.
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- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
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- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
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- Agrawal Coal Company - India
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- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
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- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
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- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
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- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
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- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
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- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
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- Chamber of Mines of South Africa
- Thai Mozambique Logistica
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- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
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- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
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- Independent Power Producers Association of India
- Malabar Cements Ltd - India
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- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
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- Planning Commission, India
- Cement Manufacturers Association - India
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- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- The University of Queensland
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- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Australian Coal Association
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
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- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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