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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
 Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acquire, through a joint venture (JV) with other Indian companies, coking coal projects in Mozambique, as well as in Australia and Indonesia “We are looking at several opportunities, but I can’t discuss the names,” Sail chairperson S K Roongta told Bloomberg News in Beijing. “I can’t set a timeline but we would like it to happen at the earliest.”
He explained that his group was seeking to increase its steel production in order to meet growing domestic Indian demand. According to the World Steel Association, the demand for steel in India is likely to show an 8,9% increase this year and a 12,1% rise next year. It is reported that Sail itself expects to produce 14-million tons of crude steel between July 2009 and June 2010.
The JV, of which Sail is a member, was set up with the encouragement of India’s federal government and is called International Coal Ventures. The JV is composed of five companies, all State-owned. Apart from Sail, which is 86%-owned by the Indian government, the members of the JV are Coal India, the National Development Corporation, NTPC (National Thermal Power Corporation, India’s biggest thermal power generating company) and Rashtriya Ispat Nigam (another steel company). Sail and Coal India each have two-sevenths of the JV’s equity, while the other three each hold one-seventh.
Coal India was allocated two coal blocks in Mozambique, in March. These are the A-1 and A-2 blocks in Tete province. The International Coal Ventures JV was formed in May. The JV’s interest in buying further coal blocks in Mozambique was made public, in a document released by the Indian High Commission in Maputo, in August.
Sail is a fully integrated iron- and steel- making company. In terms of turnover, it is one of the ten biggest State-owned companies in India. It manufactures basic and special steels for India’s automotive, construction, defence, engineering, power and railway industries.
It also exports steel. Its products include hot- and cold-rolled sheets and coils, plates, bars and rods, galvanised sheets, electrical sheets, structural steel, railway products, stainless steel and other alloy steels.
Sail operates five integrated steel plants and three special steel plants, as well as its own iron-ore, dolomite and limestone mines. In fact, it is India’s second-largest iron-ore-miner and has what it calls “the country’s second-largest mines network”. Sail also has its own Research and Development Centre for Iron and Steel.
Although formally established in 1973, Sail can trace its beginnings back to 1960 and to the establishment of the Alloy Steels plant at Durgapur, in West Bengal.
The group is currently carrying out a modernisation and expansion programme. This will see production of hot metal increase from the 2006/7 level of 14,6-million tons per year (Mtpa) to 23,5 Mtpa by 2012 and thereafter to 26,2 Mpta; the production of crude steel rise from 13,5 Mpta (2006/7) to 21,4 Mpta (2012) and then to 24,6 Mpta; and the production of ‘saleable steel’ go up from 12,6 Mpta (2006/7) to 20,2 Mpta (2012) and then to 23,1 Mpta.
Modernisation will result in Sail producing all its steel using blast oyxgen furnaces, installing auxiliary fuel injection systems in all blast furnaces, processing all its steel by continuous casting, adding value by reducing the production of semi- finished steel, installing the latest computerised and automated process control systems and implementing online testing and quality control.
Source: Mining Weekly
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
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