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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, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
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- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Planning Commission, India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- The University of Queensland
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
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