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Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
 Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company said today.
The port will cost a total of Rs 1,150 crore, almost half of which has already been infused.
"Mundra Port and Special Economic Zone (MPSEZ) announces commencement of operations of the dry bulk cargo port at Dahej," the company said in a statement here.
The port is being set up by Adani Petronet Port Pvt Ltd in a joint venture with Petronet LNG at a cost of Rs 1,150 crore. Petronet, which owns 24 per cent in the joint venture, is already operating an LNG import terminal at Dahej, along with a berth for ships.
The operations at the port started with the arrival of the first ship (M V Sesa Star Cosmos) today containing a consignment of coal docks at Dahej.
"With the commencement of operations at Dahej, it would be the second operational port in Gujarat for MPSEZ and the only one which has become operational in the private port category in the last 4-5 years," it further said.
The infrastructure sector-focused group is increasingly looking to acquire coal assets overseas to feed its power generation capacity.
Adani Enterprises, the flagship company of the group led by billionaire Gautam Adani, had posted an over three-fold jump in profits to Rs 407 crore for the first quarter of the current fiscal, mainly due to strong performance by its non-core businesses including the power segment.
Earlier this month, Adani Enterprises, which is the country's largest coal importing company, sealed a ASD 3 billion deal to buy the coal assets of Australia's Linc Energy, to support its plan to expand power generation capacity to 20,000 MW by 2020.
It was recently awarded preferred proponent status for developing the Dudgeon point terminal in Macay, Queensland, Australia.
The company has also entered a USD 1.65 billion tripartite pact with an Indonesian firm to source coal. Its subsidiary, Adani Power, is working on 4,620-MW project in Mundra, Gujarat. It has also announced two power projects in the state, at Hazira and Dahej.
Source: Economic Times
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Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
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- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Planning Commission, India
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- PTC India Limited - India
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- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
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- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
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- Australian Coal Association
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- Simpson Spence & Young - Indonesia
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- Mjunction Services Limited - India
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- Star Paper Mills Limited - India
- Central Electricity Authority - India
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- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
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- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
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- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
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- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
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- Indika Energy - Indonesia
- Thai Mozambique Logistica
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- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
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- White Energy Company Limited
- ASAPP Information Group - India
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- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Therma Luzon, Inc, Philippines
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- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- London Commodity Brokers - England
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- Sical Logistics Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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