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Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
 The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the country to utilise excess coal.
"We may set up power plants if stockpiles keep on rising. Currently, stockpiles stands at 53 mn tonnes," CIL Chairman P S Bhattacharyya told reporters on the sidelines of a coal summit organised by mjunction services, a 50:50 JV between Tata Steel and SAIL for e-commerce.
Coal India, which is going to launch its IPO in the second half of October, is already in pact with state-owned NTPC to set up two 2,000 MW power plants in Jharkhand.
"The inventory is rising mainly due to shortage of railway wagons," Bhattacharyya added. Coal India generally needs 205-210 wagons a day. But, the firm had previously said that on an average it was getting merely 170 wagons a day.
In the last fiscal, the 100 per cent government-owned firm produced 431.5 million tonnes of coal meeting the requirement of use industries like power. The Centre is diluting its 10 per cent stake in the upcoming IPO, which is expected to raise Rs 12,000-15,000 crore.
To meet the rising coal requirement of power major NTPC, Coal India said it will soon come out with a tender to import the raw material for the power PSU.
"We will float the tender in next few months to import six million tonnes of coal for NTPC," Bhattacharyya added. The country's overall coal output during 2009-10 stood at about 532 million tonnes while consumption was over 600 million tonnes.
To meet the rising demand of coal, CIL is looking at forming joint ventures with global mining companies, taking equity in the mining projects and sourcing coal from such firms.
"Coal India has already shortlisted three global firms for a possible partnership," Bhattacharyya added.
It is learnt that US-based firms Massey Energy and Peabody Energy, besides Indonesian Novem/Sinarma, have been shortlisted for a possible partnership either through JV or equity infusion.
Bhattacharyya also said that the company is investing in projects to wash coal to increase its calorific value. CIL plans to commission 20 washeries with a capacity to wash 111 million tonnes of fuel by 2015 at an investment of Rs 4,000 crore.
"Prices of washed coal will go up. Average price of our coal is $20 a tonne. Washing would escalate its cost to USD 26-27 a tonne," he said. Prices of international coal, with higher calorific value, starts from $45 a tonne.
Source: The Economic Times
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Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Planning Commission, India
- Australian Coal Association
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- The University of Queensland
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
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