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Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ forest approval for its Aries coal mine in Indonesia. This is the final approval needed ahead of commencement of mine development activities.
Essar Energy acquired a 100% interest in the Aries coal mine in April 2010 for US$118 million. The mining area comprises approximately 5,000 hectares located in the West Kutai region of East Kalimantan. A Joint Ore Reserves Committee (JORC) compliant resource assessment estimates that the block contains approximately 64 million tonnes of mineable reserves with an annual potential production of 4 million tonnes of coal with an average gross calorific value of 5,400 to 5,500 Kcal/kg. This is sufficient to provide a dedicated fuel supply to the Salaya I, 1,200 MW coal-fired power plant located in Gujarat, India.
The Company has already commenced the construction of supporting road and port infrastructure and it is expected that first coal will be available within 9-12 months of today’s announcement.
Until coal from the Aries coal mine becomes available, fuel for the Salaya I power project is being supplied under a fixed price coal contract with Essar Shipping and Logistics Limited, Cyprus. Unit 1 of Salaya I (600 MW), has already entered commercial operations, and unit 2 (also 600MW) is near to completion.
Naresh Nayyar, Chief Executive Officer of Essar Energy, said: "With today’s approval, we can now accelerate development at the Aries coal mine to provide fuel for our Salaya I power plant. This is a major step forward in our strategy of providing full fuel security for all of our power generation assets, thereby eliminating price and delivery risks."
Essar Energy has access to over 500 million tonnes of coal resources across seven coal blocks in India and overseas. This coal is sufficient to provide fuel to 5,250 MW of Essar Energy’s power generation capacity.
Source:Essar Energy
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Sunday, 01 July 12
DSP OF SGX ASIACLEAR OTC COAL SWAP'S THIS WEEKS MOVEMENTS SLIGHTLY POSITIVE
COALspot.com - SGX AsiaClear OTC Coal Swaps have recovered slightly this week and Q4 deliveries are also showing positive direction.
SGX’s ...
Saturday, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
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- CNBM International Corporation - China
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- MS Steel International - UAE
- Romanian Commodities Exchange
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
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- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
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- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
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- Eastern Energy - Thailand
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- IHS Mccloskey Coal Group - USA
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- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
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- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
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- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
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- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
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- Ministry of Finance - Indonesia
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- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
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- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Parliament of New Zealand
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- Indogreen Group - Indonesia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
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- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
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- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
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- Heidelberg Cement - Germany
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
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- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
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- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
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- Binh Thuan Hamico - Vietnam
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