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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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Thursday, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...
Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...
Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...
Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...
Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
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- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- The University of Queensland
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
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