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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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Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...
Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...
Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...
Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash.
ArcelorMittal SA, the South A ...
Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
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- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
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- McConnell Dowell - Australia
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- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
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- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
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