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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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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
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- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
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