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Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coal handling terminal at port of Mormugao, Goa on a design, build, finance, operate and transfer (DHFOT) basis. The letter of award to the consortium led by Mundra Port has been received.
Highlighting the terms of the contract Rajeeva Ranjan Sinha, director, said that the contract involves development and operating a berth at the port to handle about 6.5 million tonnes of cargo and would handle 5 million tonnes in the first year itself and have a revenue share of 20% with the port trust. The volume of cargo would increase with mechanisation. It would have a concession period of 30 years in accordance with a concession agreement to be executed between Mundra Port led consortium and Mormugao Port Trust.
Currently, Mundra Port is developing a Rs 2000 crore, 50 million tonne capacity, coal handling terminal at Mundra and also a multi-purpose cargo terminal with two berths at Dahej in joint venture with Petronet LNG.
Mundra Port had just declared its quarterly results where the cargo handled showed a jump of 24%, the quarterly revenues at Rs 306.77 crore showed all increase of 21% YOY and PAT registered increase of 76% on YoY basis to Rs 170.76 crore.
The company made this announcement during the trading hours today, 10 August 2009.
Source: NDTV
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Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
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- Renaissance Capital - South Africa
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- Port Waratah Coal Services - Australia
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- Economic Council, Georgia
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- Meenaskhi Energy Private Limited - India
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- PetroVietnam Power Coal Import and Supply Company
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- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
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