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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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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Tamil Nadu electricity Board
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- London Commodity Brokers - England
- The Treasury - Australian Government
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- Singapore Mercantile Exchange
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- Australian Coal Association
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- Indo Tambangraya Megah - Indonesia
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- SMG Consultants - Indonesia
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- Global Coal Blending Company Limited - Australia
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- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
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- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Georgia Ports Authority, United States
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- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
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- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
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- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
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- SMC Global Power, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- White Energy Company Limited
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Parliament of New Zealand
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- Romanian Commodities Exchange
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- Commonwealth Bank - Australia
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- Australian Commodity Traders Exchange
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- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
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