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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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Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
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- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Planning Commission, India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
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