We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
.jpg) These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported that, after losing bids to acquire coal mines in Mozambique and Australia, International Coal and Ventures Ltd, or ICVL, a company set up by five Indian state-owned firms, is in talks with the Indonesian government to buy coal blocks in that country, a senior official of the ministry of steel said last week.
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13, said Pramod Kumar Rastogi, secretary, ministry of steel. Coking coal is one of the two important inputs for steel making, the other being iron ore. India is self-reliant in iron ore but imports almost 70% of its 25-30 mt annual coking coal requirement.
A delegation from ICVL recently returned from Indonesia after preliminary discussions with the Indonesian government. It will be followed by another delegation. Rastogi did not provide more details about the potential deal.
ICVL—funded by Steel Authority of India Ltd, NMDC Ltd, Coal India Ltd (CIL), NTPC Ltd and Rashtriya Ispat Nigam Ltd—has been trying to acquire blocks in the US, New Zealand and Canada. While CIL was allocated two coal blocks at Motaize in Mozambique in March for thermal coal, used in power plants, ICVL has not yet had any success with coking coal.
Indian steel firms have big expansion plans to meet anticipated demand from the housing, consumer goods and infrastructure sectors. “Hence, it is critical to secure supplies of coking coal by owning captive coal blocks,” Rastogi said.
Arvind Mahajan, executive director at consulting firm KPMG India Pvt. Ltd, said it is critical that a company has access to regular coal supply, both coking and thermal coal, to help minimize price fluctuations. “Though most steel makers have long term supply contracts for raw materials, these are not long term in a real sense,” he said. Most of the contracts are not long enough to hedge steel makers against price fluctuations.
Private firms have been more successful at securing long-term supplies than public sector companies. For example, Tata Steel Ltd aims to ensure secured supply of 60% of its raw materials by 2015, up from 25% now, by strengthening its holdings in overseas mines. In July, Tata Steel Global Minerals Holdings Pte Ltd, a wholly-owned subsidiary of Tata Steel, bought additional shares in Australia-based Riversdale Mining Ltd through market purchases, increasing its holding to 19.38%. It is also evaluating several mines in Brazil and Australia. On 28 August, The Economic Times reported that JSW group is in advanced talks to acquire coal mines in Swaziland in Africa.
Rastogi said the current downturn in the global steel industry makes this a good time to secure supplies before prices of coal blocks firm up as demand revives.
Source: LiveMint
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
|
|
|
Showing 6446 to 6450 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Planning Commission, India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
|
| |
| |
|
