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Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
 Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and construction services provider PT Truba Alam Manunggal to acquire its thermal coal mine in South Sumatra for $80-90 million, said a person with direct knowledge of the development.
The Lanco Infratech spokesman declined to comment on the development. But a person privy to the company’s plan said: “Lanco Infratech is in talks with not just one but multiple companies in Indonesia, South Africa and Australia. The company’s requirement of thermal coal is around 4 million tonnes now.”
Thermal coal is a key raw material used for power generation, a sector Lanco has interest in.
The talks, if successful, will give Lanco Infratech access to 140 million tonnes of coal reserves, which will help meet its raw material requirement for a proposed coal-based power project in Karnataka. The acquisition will also help the Indian firm optimise the overall cost of producing power.
The deal between the two is being facilitated by Hindustan Global Resources, an Australian firm engaged in exploration, mining and consulting. The firm, owned by a group of non-resident Indians, has also told Lanco Infratech that it would help the Indian company develop the mine once the deal is sealed.
In the past few years, power companies have become active in scouting for coal mines overseas due to the unavailability of good coal in India.
Early this year, GMR Infrastructure acquired Indonesian coal company PT Barasentosa Lestari to ensure coal supply for its proposed 1,500 MW power plant on the western coast. Last month, Jindal Steel and Power bought a thermal coal mine in South Africa.
A steel analyst based in Delhi, who did not wish to be quoted, feels getting access to coal mines in India is not easy. This is because there’s a lot of paper work and a long waiting period involved, and even after the tedious wait, there’s no guarantee the company will get access to the mine. Secondly, coal in India is found in forests and areas inhabited by tribes, which will be disturbed by mining.
“We have identified a few coal blocks in Indonesia and Australia that were up for sale and forwarded the proposal to Lanco. They are talking to the firms concerned,” said Hindustan Global Resources vice-president Amar Bhasin. He, however, declined to name the foreign mining entities.
Lanco Infratech owns gas, wind and hydro-based power projects across India with operational capacity of 500 MW. The company clocked a turnover of around Rs 6,000 crore last fiscal. It posted a 96% jump in its consolidated net profit to Rs 115.85 crore for the first quarter ended June 30, 2009 over the corresponding period last year.
The company is setting up one power plant each in Karnataka and Chhattisgarh of 507.5 MW and 600 MW, respectively. It is also doubling the capacity of its Andhra Pradesh power plant to 736 MW. An additional 1,400 MW capacity will be commissioned by March next year.
Hyderabad-based Lanco Infratech also has interests in engineering, procurement and construction services. The Indonesian firm, on the other hand, carries out coal mining and trading activities through its subsidiary, PT Maxima Infrastruktur.
Source: Economic Times
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Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
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- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
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- PTC India Limited - India
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- Kohat Cement Company Ltd. - Pakistan
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- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
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- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- White Energy Company Limited
- CNBM International Corporation - China
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
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