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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
 Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acquire, through a joint venture (JV) with other Indian companies, coking coal projects in Mozambique, as well as in Australia and Indonesia “We are looking at several opportunities, but I can’t discuss the names,” Sail chairperson S K Roongta told Bloomberg News in Beijing. “I can’t set a timeline but we would like it to happen at the earliest.”
He explained that his group was seeking to increase its steel production in order to meet growing domestic Indian demand. According to the World Steel Association, the demand for steel in India is likely to show an 8,9% increase this year and a 12,1% rise next year. It is reported that Sail itself expects to produce 14-million tons of crude steel between July 2009 and June 2010.
The JV, of which Sail is a member, was set up with the encouragement of India’s federal government and is called International Coal Ventures. The JV is composed of five companies, all State-owned. Apart from Sail, which is 86%-owned by the Indian government, the members of the JV are Coal India, the National Development Corporation, NTPC (National Thermal Power Corporation, India’s biggest thermal power generating company) and Rashtriya Ispat Nigam (another steel company). Sail and Coal India each have two-sevenths of the JV’s equity, while the other three each hold one-seventh.
Coal India was allocated two coal blocks in Mozambique, in March. These are the A-1 and A-2 blocks in Tete province. The International Coal Ventures JV was formed in May. The JV’s interest in buying further coal blocks in Mozambique was made public, in a document released by the Indian High Commission in Maputo, in August.
Sail is a fully integrated iron- and steel- making company. In terms of turnover, it is one of the ten biggest State-owned companies in India. It manufactures basic and special steels for India’s automotive, construction, defence, engineering, power and railway industries.
It also exports steel. Its products include hot- and cold-rolled sheets and coils, plates, bars and rods, galvanised sheets, electrical sheets, structural steel, railway products, stainless steel and other alloy steels.
Sail operates five integrated steel plants and three special steel plants, as well as its own iron-ore, dolomite and limestone mines. In fact, it is India’s second-largest iron-ore-miner and has what it calls “the country’s second-largest mines network”. Sail also has its own Research and Development Centre for Iron and Steel.
Although formally established in 1973, Sail can trace its beginnings back to 1960 and to the establishment of the Alloy Steels plant at Durgapur, in West Bengal.
The group is currently carrying out a modernisation and expansion programme. This will see production of hot metal increase from the 2006/7 level of 14,6-million tons per year (Mtpa) to 23,5 Mtpa by 2012 and thereafter to 26,2 Mpta; the production of crude steel rise from 13,5 Mpta (2006/7) to 21,4 Mpta (2012) and then to 24,6 Mpta; and the production of ‘saleable steel’ go up from 12,6 Mpta (2006/7) to 20,2 Mpta (2012) and then to 23,1 Mpta.
Modernisation will result in Sail producing all its steel using blast oyxgen furnaces, installing auxiliary fuel injection systems in all blast furnaces, processing all its steel by continuous casting, adding value by reducing the production of semi- finished steel, installing the latest computerised and automated process control systems and implementing online testing and quality control.
Source: Mining Weekly
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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
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- Savvy Resources Ltd - HongKong
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- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
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- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
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- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
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- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
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- Mercuria Energy - Indonesia
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- Electricity Authority, New Zealand
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- Toyota Tsusho Corporation, Japan
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- Independent Power Producers Association of India
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- Planning Commission, India
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- Coal and Oil Company - UAE
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- Singapore Mercantile Exchange
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- Leighton Contractors Pty Ltd - Australia
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- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
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- Chamber of Mines of South Africa
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- Australian Coal Association
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- White Energy Company Limited
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
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- MS Steel International - UAE
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- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
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- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
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- Directorate General of MIneral and Coal - Indonesia
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- London Commodity Brokers - England
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
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- Posco Energy - South Korea
- Indian Energy Exchange, India
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- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
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