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Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indonesian coal company for USD 8.75 million, as quoted by PTI.
"We have completed the acquisition (70percent of the Indonesian coal firm) and we hope to start operations there in late 2012,"IMFA Managing Director Subhrakant Panda told PTI. While declining to name the acquired company, he added that IMFA is yet to carry out a detailed assessment of its reserves and required infrastructure to sustain operations there.
"It has a coal mine in East Kalimantan district of Indonesia but it is not possible for me to tell you the name, its reserves or the proposed investment right now. We are yet to do a detailed assessment,"Panda said.
The acquisition has been made through IMFA's Singapore based subsidiary, Ind Met Mining Pte Ltd and the detailed assessment will be completed in 6 to 8 months, he further said. The IMFA, which has 108 MW captive power generation capacity, also has plans to expand it to 258 MW by March, 2012.
The company is also developing a captive coal block with 123 million tonnes of mineable reserves through a special purpose vehicle, Utkal Coal.
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Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losin ...
Monday, 27 June 11
THE IRON ORE IMPORTS BY CHINA SEEMED TO SLOW DOWN - VISTAAR
COALspot.com - The BDI was holding as previous week and was just up by 1 point and closed at 1424 points end of last week. The biggest gain was ...
Friday, 24 June 11
THE INDONESIAN GOVERNMENT WILL NOT EXTEND ALL EXPIRED MINING CONTRACTS - JAKARTA UPDATES
The Indonesian Government have decided not to extend all mining concessions under the scheme called Contract of Work and instead will take over the ...
Friday, 24 June 11
BERAU EYEING 70 PERCENT GROWTH IN EBITDA
Indonesia's coal producer PT Berau Coal Energy Tbk (BRAU) is eyeing a 60 -70 percent growth in EBITDA to US$ 560 million-US$595 million this year. ...
Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry ...
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- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
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