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Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more than 30 million tonne (mt) capacity within the current financial year, as reported by DNA India
The company plans to invest $100-150 million for the acquisition. The mine will be larger than Mercator’s existing coal mine in Mozambique which has a capacity of 10 mt.
“The company is very aggressively looking at a relatively bigger mine and sure to close the deal during this financial year. It is very bullish on its coal mining business in Indonesia,” said a Mercator Lines official.
Its coal production has increased from 0.3 million metric tonne (mmt) in fiscal 2009 to 0.7 mmt in fiscal 2010 from existing coal mines in Indonesia. At present, Mercator Lines has four coal mines—three in Indonesia and one in Mozambique. The Indonesian mines have reserves of up to 21 mt.
Analyst, too, are bullish on the company’s coal business. According to Antique Stock Broking’s research note, “The cyclicality in earnings is expected to reduce significantly with increased revenue from new seven-year offshore contract ($92,000 per day) starting in the third quarter of the current fiscal and growth in coal business.”
Source: DNA India
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Thursday, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
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 ...
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- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Australian Coal Association
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Planning Commission, India
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
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