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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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- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Australian Coal Association
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
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