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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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Thursday, 12 March 09
ANALYSIS-FIRST NEW JAPAN COAL DEAL MAY NOT SET BENCHMARK - FOREXPROS.COM
* Informal coal-deal practice may come to an end this year
* Buyers expected to ask for a discount
* Biggest losers may be Chinese coal suppli ...
Thursday, 12 March 09
DEPARTMENT RECEIVES REPORT FROM GEOLOGICAL BODY AND NEDO - ESDM
The Geological Body of the Department of Energy and Mineral Resources have presented their Joint Study on Evaluation of Coal Resources and Reserves ...
Wednesday, 11 March 09
TENAGA SHARES CLIMB AS LOWER COAL PRICES CUT COSTS - BLOOMBERG
Bloomberg reported that, Tenaga Nasional Bhd., Malaysia’s state-controlled utility, climbed the most in a month in Kuala Lumpur trading as coal ...
Wednesday, 11 March 09
POSCO WINS 63% CUT IN PULVERIZED COAL PRICES, MACQUARIE SAYS - BLOOMBERG
Bloomberg reported that, Posco, Asia’s third-biggest steelmaker, has settled the first pulverized coal contracts for 2009 at $90 a metric ton ...
Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM
Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need ...
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- Jindal Steel & Power Ltd - India
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- Orica Australia Pty. Ltd.
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- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
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- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
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- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
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- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Indogreen Group - Indonesia
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- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Romanian Commodities Exchange
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- Trasteel International SA, Italy
- Heidelberg Cement - Germany
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- Indian Oil Corporation Limited
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- The Treasury - Australian Government
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- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
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- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Minerals Council of Australia
- White Energy Company Limited
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
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- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
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- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
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