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Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Indonesia for the purpose.
"We are looking for coal blocks abroad and have shortlisted mines in Australia and Indonesia where the fuel is available in abundance," CMD Power Trading Corp T N Thakur told reporters here.
"Ideally, if we can have (acquire) an asset that can give us 15 million tonnes of coal every year," he added. However, he declined to give further details.
"Whether the company would acquire the mines on its own or through its wholly-owned subsidiary PTC Energy Ltd, will be decided later," Thakur said.
The company plans to import the dry fuel from the properties it may acquire abroad and sell it in India.
PTC has already committed 1.5 million tonnes of coal annually to two power projects with a capacity of 250 MW, in the country for the next 25 years.
The company has received request for supplying coal to power projects with nearly 5,000 MW capacity.
"We have requests from 5,000 MW power projects but we have not committed anything as of now... We want to buy the properties overseas to meet that kind of demand," he said. PTI
Source:http://www.ptinews.com/pti%5Cptisite.nsf/0/72A3CA693BE8FBE2652575CF003B2892?OpenDocument
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Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
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- Planning Commission, India
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- Singapore Mercantile Exchange
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- Price Waterhouse Coopers - Russia
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- Orica Mining Services - Indonesia
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- Orica Australia Pty. Ltd.
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- Global Coal Blending Company Limited - Australia
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- London Commodity Brokers - England
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- Economic Council, Georgia
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- Barasentosa Lestari - Indonesia
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- Interocean Group of Companies - India
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- Manunggal Multi Energi - Indonesia
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- Samtan Co., Ltd - South Korea
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- Energy Development Corp, Philippines
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- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
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- Mintek Dendrill Indonesia
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- Kobexindo Tractors - Indoneisa
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- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- White Energy Company Limited
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
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- Indian Energy Exchange, India
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- Electricity Authority, New Zealand
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- Indika Energy - Indonesia
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- Australian Commodity Traders Exchange
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- Vedanta Resources Plc - India
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- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
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- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
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