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Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ forest approval for its Aries coal mine in Indonesia. This is the final approval needed ahead of commencement of mine development activities.
Essar Energy acquired a 100% interest in the Aries coal mine in April 2010 for US$118 million. The mining area comprises approximately 5,000 hectares located in the West Kutai region of East Kalimantan. A Joint Ore Reserves Committee (JORC) compliant resource assessment estimates that the block contains approximately 64 million tonnes of mineable reserves with an annual potential production of 4 million tonnes of coal with an average gross calorific value of 5,400 to 5,500 Kcal/kg. This is sufficient to provide a dedicated fuel supply to the Salaya I, 1,200 MW coal-fired power plant located in Gujarat, India.
The Company has already commenced the construction of supporting road and port infrastructure and it is expected that first coal will be available within 9-12 months of today’s announcement.
Until coal from the Aries coal mine becomes available, fuel for the Salaya I power project is being supplied under a fixed price coal contract with Essar Shipping and Logistics Limited, Cyprus. Unit 1 of Salaya I (600 MW), has already entered commercial operations, and unit 2 (also 600MW) is near to completion.
Naresh Nayyar, Chief Executive Officer of Essar Energy, said: "With today’s approval, we can now accelerate development at the Aries coal mine to provide fuel for our Salaya I power plant. This is a major step forward in our strategy of providing full fuel security for all of our power generation assets, thereby eliminating price and delivery risks."
Essar Energy has access to over 500 million tonnes of coal resources across seven coal blocks in India and overseas. This coal is sufficient to provide fuel to 5,250 MW of Essar Energy’s power generation capacity.
Source:Essar Energy
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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Aditya Birla Group - India
- SMC Global Power, Philippines
- VISA Power Limited - India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Xindia Steels Limited - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
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