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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, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...
Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...
Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...
Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...
Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...
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Showing 6841 to 6845 news of total 6871 |
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- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Planning Commission, India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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