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Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
 India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India.
The Australian firm has inked a letter of intent with Bankura Coal Co to mine coal in Raniganj, West Bengal, at a total investment of over Rs 100 crore. This is also perhaps the first instance of contract mining by a foreign company in the coal sector which is dominated by public sector major, Coal India Ltd.
Towards this, Perth-based IRL and Bankura Coal Co Ltd of West Bengal have formed an SPV to operate the underground coal mine in West Bengal for captive use.
Incidentally, India Resources has made a foray into India’s mining sector by taking up contract mining of copper for Hindustan Copper Ltd (HCL).
As part of it, IRL has been producing 300 tonnes of copper concentrates at Hindustan Copper’s Surda mines in Jharkhand.
Bankura Coal has six sponge iron companies under its wing and has been allotted a lucrative coal block in the heart of the state’s Raniganj coal belt.
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"Apart from contract mining, we would like to grow the exploration business"
Mr. Arvind Misra, MD, IRL |
The mine has total reserves of 95 million tones. India Resources will start operations at the new mine within three years.
"The output from this mine is expected to peak in the seventh year of operations when it is estimated to produce half a million tonnes of coal," Mr. Arvind Misra, Managing Director of IRL said. This is part of India Resources Ltd ’s strategic move to get into exploration side of the mining business in India. "Apart from contract mining, we would like to grow the exploration business," Mr Misra added. In step, IRL has also applied for some 15 prospecting licenses for iron ore in Orissa and Jharkhand.
"We have also applied for licence to explore lead and zinc in the Aravali project in Rajasthan," Mr Misra said.
Source: Economic Times
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Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
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- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Planning Commission, India
- The University of Queensland
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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