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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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Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
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- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
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