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Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
 The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping Ports and Logistics Ltd has won a bid to develop and operate a Rs479 crore (US$ 103,272,401) coal handling terminal at the Union government-owned Paradip port in Orissa.
“We have received a letter from Paradip port conveying its intent to award the project to us,” said V. Ashok, a director at the Essar Group.
Paradip port chairman K. Raghuramaiah said the firm was the highest bidder in a public auction.
The contract for the coal-handling project, stretching up to 30 years, will be signed after the Orissa high court disposes of a petition filed by a company that was excluded from the bidding process.
“The case will come up for hearing any day,” Raghuramaiah said by phone from Paradip. Essar Shipping had quoted a revenue share price bid of 22% for the terminal with a capacity to handle 10 million tonnes of coal a year.
The firm will share that percentage of the revenue earned from operating the terminal with the port for each of the 30 years.
According to rules for auctioning port projects, the bidder willing to share the highest percentage from its annual operating gross revenues with the government-owned facility will win the rights to develop and operate the cargo-handling berths.
Essar Steel Ltd, another group company, is setting up an integrated 6 million tonne (mt) per annum steel plant just 3km from Paradip port. The first phase of the project is slated for completion by the first quarter of 2010. The coal terminal will help the company import a key raw material used for making steel.
Jindal Steel and Power Ltd, which did not qualify for bidding, challenged its exclusion in the Orissa high court, which stayed the auction process. Paradip port got the stay vacated by the Supreme Court, which also directed the Orissa high court to decide the case expeditiously.
“We are waiting for the court case to be sorted out before signing the contract,” Essar Shipping’s Ashok said.
Paradip is one of the 12 ports owned by the central government that together handle some 72% of India’s external trade shipped by sea. They handled 530mt of cargo in the year ended March. The new project is one among several planned by the government to raise cargo handling capacity at the dozen ports to 1,016mt by 2012 from the existing 567mt to overcome capacity bottlenecks.
Source: Live Mint
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Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
Thursday, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
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- Essar Steel Hazira Ltd - India
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- SMC Global Power, Philippines
- Star Paper Mills Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
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- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
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- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
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- Romanian Commodities Exchange
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- Marubeni Corporation - India
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- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Commonwealth Bank - Australia
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- Baramulti Group, Indonesia
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- Deloitte Consulting - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
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- Merrill Lynch Commodities Europe
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- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Australian Coal Association
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- Kumho Petrochemical, South Korea
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- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
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- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
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- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
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- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
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