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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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Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
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- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Planning Commission, India
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
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