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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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Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
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- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
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- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
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- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
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