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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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Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...
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- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
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- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
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- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
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- Australian Coal Association
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- Merrill Lynch Commodities Europe
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- Petron Corporation, Philippines
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- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
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- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
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- Global Business Power Corporation, Philippines
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- Chamber of Mines of South Africa
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- Siam City Cement - Thailand
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- Indonesian Coal Mining Association
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- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
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- Leighton Contractors Pty Ltd - Australia
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- Directorate General of MIneral and Coal - Indonesia
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- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
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- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
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- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Minerals Council of Australia
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- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
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- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
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- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
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- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
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- Georgia Ports Authority, United States
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- Essar Steel Hazira Ltd - India
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- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
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- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- MS Steel International - UAE
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
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- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
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- Parliament of New Zealand
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