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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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Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
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 s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
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