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Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
 BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power has a 30% stake, performed well during 2008 and were profitable even at current coal prices.
According to sourced, it will use half the quantity of coal it gets from the Indonesian mines for its 4,000 MW ultra mega power project that is under construction at Mundra in Gujarat.
According to the company, the Indonesian mines produced 52 million tonne in FY 2009 with an average realized price of USD 77.56 tonne.
Mr S Ramakrishnan executive director, finance of TATA Power said that given the current coal prices, the company had started to review all capital expenditure except that which leads to cost reduction. He said we have put all the other CAPEX on hold at this point of time.
Mr Ramakrishnan said that the operations at the coal mines were profitable even at these low prices as the cost of mining operations had gone down with the fall in oil prices.
He said on the breakeven price that "If our realization goes down further by another USD 5 to USD 10, we will come into an area where the breakeven will come but we believe that the coal prices are at a rock bottom."
As per report, TATA Power will spend about INR 5,500 crore this year on various projects, including that of the special purpose vehicles floated by it, of which INR 1,700 crore will be equity. Next year, it estimates the capital expenditure will be INR 6,900 crore.
The company's generation capacity was 2,785 MW at the end of the last financial year and it will add 220 MW this year. It generated 14,807 million units in 2008-09 against 14,717 million units in the previous year. It had made an impairment provision of INR 280 crore on account of recognition of goodwill impairment loss relating to its investments in certain overseas JV.
TATA Power said that it will consider all options to raise finances to meet its equity commitments. It has raised short term funds of INR 1,300 crore, which would see it through this financial year. Its debt on a consolidated basis was about INR 13,900 crore.
Source: Steel Guru
(http://steelguru.com/news/index/2009/07/07/MTAxMjc5/TATA_Power_aid_the_Indonesian_coal_mines.html)
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Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
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- ASAPP Information Group - India
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- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Economic Council, Georgia
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- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
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- The University of Queensland
- Banpu Public Company Limited - Thailand
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- Bulk Trading Sa - Switzerland
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- Australian Coal Association
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- Energy Development Corp, Philippines
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- South Luzon Thermal Energy Corporation
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- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
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- Eastern Energy - Thailand
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- Karaikal Port Pvt Ltd - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
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- Kohat Cement Company Ltd. - Pakistan
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- Directorate General of MIneral and Coal - Indonesia
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- Interocean Group of Companies - India
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- Minerals Council of Australia
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- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
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- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- White Energy Company Limited
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- Mintek Dendrill Indonesia
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- Attock Cement Pakistan Limited
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- Chamber of Mines of South Africa
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- SN Aboitiz Power Inc, Philippines
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- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
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- Bangladesh Power Developement Board
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- Eastern Coal Council - USA
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- Aditya Birla Group - India
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- Karbindo Abesyapradhi - Indoneisa
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- Romanian Commodities Exchange
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- Salva Resources Pvt Ltd - India
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