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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Kartika Selabumi Mining - Indonesia
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- Petron Corporation, Philippines
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