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Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U.S. dollars for construction of two 82,000-DWT bulk carriers. In a statement filed to the Hong Kong stock exchange, China Qinfa said two of its wholly-owned subsidiaries -- namely Harbor Well and Merit Sino -- had each signed a contract with the Guangzhou Longxue Shipbuilding company, owned by the China State Shipbuilding Corporation. Each of the contract was worth 34.5 million U.S. dollars.
Qinfa said the cost would be funded partly by bank borrowings and partly by the company's internal financial resources.
The company said the purchasing of two bulk carriers was " consistent with the Group's medium-term strategy to improve the overall efficiency of the Group's fleet."
Qinfa also said it was a suitable time for the construction of two new vessels since current construction cost was about 50 percent less than the highest level in 2008.
The two vessels can enhance its ability to control ship transportation cost and mitigate the risks on the fluctuations in the ship transportation cost, it added.
Qinfa's diversified coal business involves purchase, filtering, blending, storage, transportation, sales and shipping of coal on the mainland. It was listed in Hong Kong in July last year.
Source: Xinhua / Hellenic Shipping
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Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- White Energy Company Limited
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- The University of Queensland
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
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