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Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate unit that will offer consultancy and mining services to companies which have been allotted captive mines.
The public sector firm is in talks with BEML (formerly Bharat Earth Movers), another public sector undertaking, to form a joint venture to offer the services.
The government has so far allocated 198 captive coal blocks with estimated reserves of over 42 billion tonnes to various public and private sector companies. NTPC and BEML is planning to exploit this opportunity as most of these companies have no experience in coal mining.
“BEML has proposed a 50:50 joint venture with NTPC for starting contract coal mining operations. The company is examining the proposal and will finalise it after taking approval of its board,” said an official in the power ministry, who asked not to be named.
NTPC and BEML had signed a MoU in February 2007 for a long-term strategic and business partnership under which BEML provides its range of mining equipment, spares and services for NTPC’s coal mining operations. The proposed joint venture will take this relationship forward by creating a new entity engaged in contract coal mining.
BEML has moved ahead from being an equipment manufacturer and has forayed into contract mining business as part of its forward integration programme. In fact, it has associated with Indonesian Coal company Sumber Mitra Jaya (SMJ) as a business partner for contract mining.
Earlier, in a letter to NTPC chairman RS Sharma, BEML chairman and managing director VRS Natarajan has emphasised the need of the joint venture either in 51:49 ratio or 50:50 ratio to tide over an existing coal shortage. He also suggested that the new venture could look at contract mining of coal blocks allocated to NTPC apart from other entities and also apply for new coal blocks.
Of the 198 captive coal blocks allocated by the government so far, 22 have gone to Central government undertakings, 78 to state government undertakings and another 98 to private sector companies. All these would provide business opportunity for the proposed venture. It would also help to check imports of coal that has reached around 50 million tonne annually. NTPC alone plans to import 12.5 million tonne coal in 2009-10.
Source: http://economictimes.indiatimes.com/News/News-By-Industry/NTPC-to-delve-into-contract-mining/articleshow/4437300.cms
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Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
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- Anglo American - United Kingdom
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- MS Steel International - UAE
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- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
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- Eastern Coal Council - USA
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
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- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
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- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
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- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
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- Economic Council, Georgia
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- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
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- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
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- Georgia Ports Authority, United States
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- Parliament of New Zealand
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- Singapore Mercantile Exchange
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- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
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- The Treasury - Australian Government
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- Chettinad Cement Corporation Ltd - India
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