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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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Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
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- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
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