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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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Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- The University of Queensland
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- ASAPP Information Group - India
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- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- White Energy Company Limited
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Marubeni Corporation - India
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