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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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Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
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 ...
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- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Australian Coal Association
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
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