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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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Thursday, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
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- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Romanian Commodities Exchange
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
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