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Thursday, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
 Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is planning to invest the money to support its customer coal requirements in India and to meet its captive requirement for the upcoming project Rs 4,300 crore power at Tuticorin.
Speaking to Business Standard here Ahmed A R Buhari, founder and CEO, Coal and Oil Group Companies said that the company is looking at acquiring six panamax vessels with an investment of $200 million (around Rs 1,000 crore). These ships will be deployed to carry coals from various mines in Indonesia and South Africa to India.
He added, the company is also planning to acquire coals mines in Indonesia. “Currently we are buying coals from the mine owners to cater our Indian customers, since the demand is increasing we have decided to acquire coals mines”. Currently the company is negotiating with mine owners in Indonesia. Investment in the project would be around $100 million (around Rs 500 crore).
Buhari noted currently the company is supplying around six million tonnes of coal to Indian customers and every year 130 ships, for which the company had entered into long term and short term charter contracts with owners, are deployed to transport the cargo. Of the six million tonnes 70 per cent are sourced from Indonesia while rest sourced from various South African mines.
From 2010-11 onwards the company will be transporting 15 million tonnes of coals both for Indian customers and for its captive purpose. It may be noted the company is setting up a Rs 4,300 crore power plant in Tuticorin, for which the company recently concluded the financial closure.
The 2 x 600 mega watt (MW), coal fired power plant at Tuticorin will be commissioned within 36 months and has provision to expand upto 4000 MW. The plant will supply power to the state electricity board and to the private sector, for which a 700 MW contract has been signed with Tata Power. This power plant marks Coastal Energen’s foray into power generation in the State.
Coastal Energen, the power generating flagship company of Coal & Oil Group, has been promoted by Ahmed Buhari and the Coal & Oil Group with a 30 per cent strategic stake being held by the AW Rostamani Group of Dubai, UAE.
C&O is a Rs 2,000 crore Integrated Energy Company, Promoted by Ahmed Buhari and his family (the co-promoters of the $ 5 billion ETA - Ascon and Buharia Group) and the Al Rostamani Group of Dubai (a $ 1.5 billion group) which was established in 1998.
Source:Business-Standard
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Tuesday, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
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- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
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- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
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- Thai Mozambique Logistica
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- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
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- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
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- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Trasteel International SA, Italy
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- Australian Coal Association
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- Singapore Mercantile Exchange
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- Mercator Lines Limited - India
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- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Minerals Council of Australia
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- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
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- Siam City Cement PLC, Thailand
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- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
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- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
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- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
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- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
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- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
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- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
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- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
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- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
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- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- SMC Global Power, Philippines
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- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
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