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Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
 Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
This is parallel to the company's attempt to strike joint ventures with the Indonesian coal companies through global tender.
Coal India Ltd has proposed development of a coal block in Indonesia in joint venture with the country's State sector.
The proposal, aimed at forging co-operation in the coal sector between the two countries, was mooted at the India-Indonesia Working Group meeting held in Jakarta earlier this month.
The Indian delegation was headed by Mr Alok Perti, Additional Secretary, Ministry of Coal, who is also the Government nominee on the CIL board.
Sources told Business Line that during the meeting, the CIL chairman, Mr Partha S. Bhattacharyya, proposed that the State enterprises of both the countries should join hands in developing a coal block in Indonesia to identify the mutual strengths and weaknesses and define the course of cooperation. He had also requested the Indonesian Government to identify a block for the purpose.
“Apparently the proposal was appreciated by the Indonesian delegation. However, a decision is awaited,” a source said.
An agreement on the part of the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal. This is parallel to the company's attempt to strike joint ventures with the Indonesian coal companies through global tender.
The Indian coal major was previously awarded two exploratory blocks by the Mozambique Government as part of a bi-lateral concession agreement between the two countries.
Coal production flat
CIL is stressing on liquidating its huge pithead stocks during the current quarter rather than adding to it by increasing production. Pithead stocks witnessed a sharp rise in the fourth quarter of the last fiscal due to high production and low dispatch, allegedly caused by low availability of wagons.
“We have managed a sharp increase in supplies so far in the first quarter of 2010-11 by liquidating our stocks. Coal production will remain flat during the quarter as we have mobilised our production capacity in overburden removal in the opencast mines. This would help us in stepping up production in the following quarters at a faster rate than last year,” a company source said.
CIL is targeting a 7 per cent growth in production to 460 million tonnes in this fiscal.
Source: The Hindu Businessline (reported By:Pratim Ranjan Bose)
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Thursday, 24 June 10
DRY BULK MARKET AT LOWEST POINT IN EIGHT MONTHS
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yest ...
Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
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- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Australian Coal Association
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
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