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Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
 India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy to hedge against the cyclical nature of the shipping business.
The HK Mittal-controlled company has earmarked up to $100 million capex (nearly Rs 450 crore) for its coal business and is targeting production of 8 to 10 million tonne (MT) annually from Indonesia over the next five years. “The company is in talks with the Indonesian government and some private players for acquiring the coal mines,” a top level company source told ET.
Indonesia, the world’s third-largest exporter of steaming coal after Australia and China, had coal reserves of 4,328 MT at the end of 2007, according to a survey. The Indonesian government has allowed Indian companies to own 100% stake in coal mines.
Mercator acquired a coal block in Mozambique in 2008 and three coal mines in Indonesia last year and is aggressively searching for more in view of the huge demand from India and other countries.
While production has not yet started at the Mozambique block, the shipping firm is currently producing more than 2 MT of coal per year from the three Indonesian mines, which have a deposit of 21 MT. Now, Mercator has become the biggest exporter of coal from Indonesia to India through its subsidiary Oorja.
“We are keen to quickly acquire more mines in Indonesia. We may acquire a coal mine this year itself,” said sources. The company, over the past few years, has been attempting to minimise the impact of the cyclical nature of the shipping industry through its foray into other activities. As a result, during the first six months of the current financial year, revenues from offshore, coal handling and coal mining amounted to Rs 219.6 crore (US$ 47,739,130) or 25.7%, of its total consolidated revenues during the period. (1 USD = 46.0000 INR)
Source:Economic Times
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Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
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- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Economic Council, Georgia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
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