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Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
 Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatching coal next month, chairman Anil Sethi said.
SPML had acquired the PT Bism mine along with power equipment maker Emco last year for about $40 million. SPML holds 55% in the mine and Emco the rest. "The infrastructural activity at the mine was on for a year and we began mining last month," Sethi said. The mine has reserves of over 100 million tonnes. "We plan to export the coal to all across Asia, including India," he said.
The Indonesian government had last month proposed a plan to cap the export of coal at 150 million tonnes a year to meet the demand of local companies. The plan could come into force next year. "After the ban we would supply about 25-30% of the coal to local companies and export the rest," Sethi said. He added that the mine would start booking revenues next fiscal. He did not reveal how much the company expects the mine to contribute to the topline. "The market is volatile right now, so we can make a projection in a couple of months," he added.
SPML has an order-book of Rs 3,800 crore, about 60% of which comes from water contracts, 25% from infrastructure and 15% from power, which includes rural electrification, sub-stations and transmission lines. Their contribution to the topline is in a similar proportion.
"We are not very keen on rural electrification projects because of issues with villagers and panchayats," said Sethi. The share of power contracts in the order-book was 40% last year. SPML is one of the biggest companies in the water space, with projects spread across the country. SPML is also developing 42 mw of hydro power in Himachal Pradesh.
Source: DNA India
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Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
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- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
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