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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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Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
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Showing 6026 to 6030 news of total 6871 |
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- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- White Energy Company Limited
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Parliament of New Zealand
- Indonesian Coal Mining Association
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
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