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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
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
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- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- MS Steel International - UAE
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- The University of Queensland
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
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