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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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Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
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- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
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- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
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- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Parliament of New Zealand
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- Rashtriya Ispat Nigam Limited - India
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- White Energy Company Limited
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- Deloitte Consulting - India
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- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
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- Kobexindo Tractors - Indoneisa
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
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- Formosa Plastics Group - Taiwan
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- Cement Manufacturers Association - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
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- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
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- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
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- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
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