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Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India.
The Australian firm has inked a letter of intent with Bankura Coal Co to mine coal in Raniganj, West Bengal, at a total investment of over Rs 100 crore. This is also perhaps the first instance of contract mining by a foreign company in the coal sector which is dominated by public sector major, Coal India Ltd.
Towards this, Perth-based IRL and Bankura Coal Co Ltd of West Bengal have formed an SPV to operate the underground coal mine in West Bengal for captive use.
Incidentally, India Resources has made a foray into India’s mining sector by taking up contract mining of copper for Hindustan Copper Ltd (HCL).
As part of it, IRL has been producing 300 tonnes of copper concentrates at Hindustan Copper’s Surda mines in Jharkhand.
Bankura Coal has six sponge iron companies under its wing and has been allotted a lucrative coal block in the heart of the state’s Raniganj coal belt.
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"Apart from contract mining, we would like to grow the exploration business"
Mr. Arvind Misra, MD, IRL |
The mine has total reserves of 95 million tones. India Resources will start operations at the new mine within three years.
"The output from this mine is expected to peak in the seventh year of operations when it is estimated to produce half a million tonnes of coal," Mr. Arvind Misra, Managing Director of IRL said. This is part of India Resources Ltd ’s strategic move to get into exploration side of the mining business in India. "Apart from contract mining, we would like to grow the exploration business," Mr Misra added. In step, IRL has also applied for some 15 prospecting licenses for iron ore in Orissa and Jharkhand.
"We have also applied for licence to explore lead and zinc in the Aravali project in Rajasthan," Mr Misra said.
Source: Economic Times
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Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
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Showing 6026 to 6030 news of total 6871 |
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- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
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- Parry Sugars Refinery, India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
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