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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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Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
Friday, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
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- Baramulti Group, Indonesia
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- Power Finance Corporation Ltd., India
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- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
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- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
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- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
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- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
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- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
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- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
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- Electricity Authority, New Zealand
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- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
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- Australian Commodity Traders Exchange
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- SMC Global Power, Philippines
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- Energy Link Ltd, New Zealand
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- European Bulk Services B.V. - Netherlands
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- McConnell Dowell - Australia
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- Australian Coal Association
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- Minerals Council of Australia
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- Electricity Generating Authority of Thailand
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- Global Coal Blending Company Limited - Australia
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- Wood Mackenzie - Singapore
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- The University of Queensland
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
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- Indonesian Coal Mining Association
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- Jorong Barutama Greston.PT - Indonesia
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- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- MS Steel International - UAE
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
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- Eastern Energy - Thailand
- Independent Power Producers Association of India
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- Orica Australia Pty. Ltd.
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- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
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- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
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- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
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- Bangladesh Power Developement Board
- Parliament of New Zealand
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- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
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- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
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- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
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