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Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate unit that will offer consultancy and mining services to companies which have been allotted captive mines.
The public sector firm is in talks with BEML (formerly Bharat Earth Movers), another public sector undertaking, to form a joint venture to offer the services.
The government has so far allocated 198 captive coal blocks with estimated reserves of over 42 billion tonnes to various public and private sector companies. NTPC and BEML is planning to exploit this opportunity as most of these companies have no experience in coal mining.
“BEML has proposed a 50:50 joint venture with NTPC for starting contract coal mining operations. The company is examining the proposal and will finalise it after taking approval of its board,” said an official in the power ministry, who asked not to be named.
NTPC and BEML had signed a MoU in February 2007 for a long-term strategic and business partnership under which BEML provides its range of mining equipment, spares and services for NTPC’s coal mining operations. The proposed joint venture will take this relationship forward by creating a new entity engaged in contract coal mining.
BEML has moved ahead from being an equipment manufacturer and has forayed into contract mining business as part of its forward integration programme. In fact, it has associated with Indonesian Coal company Sumber Mitra Jaya (SMJ) as a business partner for contract mining.
Earlier, in a letter to NTPC chairman RS Sharma, BEML chairman and managing director VRS Natarajan has emphasised the need of the joint venture either in 51:49 ratio or 50:50 ratio to tide over an existing coal shortage. He also suggested that the new venture could look at contract mining of coal blocks allocated to NTPC apart from other entities and also apply for new coal blocks.
Of the 198 captive coal blocks allocated by the government so far, 22 have gone to Central government undertakings, 78 to state government undertakings and another 98 to private sector companies. All these would provide business opportunity for the proposed venture. It would also help to check imports of coal that has reached around 50 million tonne annually. NTPC alone plans to import 12.5 million tonne coal in 2009-10.
Source: http://economictimes.indiatimes.com/News/News-By-Industry/NTPC-to-delve-into-contract-mining/articleshow/4437300.cms
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Wednesday, 01 April 09
COAL FIRMS' PROFITS NOT EXPECTED TO GROW IN '09 - - THE JAKARTA POST (ANALYSTS)
Despite their windfall profits in 2008, analysts doubt that PT Bumi Resources Tbk or any other coal firms will post profit growth this year, with pr ...
Tuesday, 31 March 09
DEUTSCHE BANK TO ADD COAL, GAS, SHIPPING IN COMMODITY EXPANSION - BLOOMBERG
Deutsche Bank AG, after quadrupling revenue from commodities in two years, plans to add coal, European natural-gas and shipping to its business, ant ...
Monday, 30 March 09
CHINA SHENHUA SAYS AGREES DOMESTIC COAL DEALS - REUTERS
Chinese coal mining giant China Shenhua Energy Co has agreed long-term contracts with some Chinese power producers, its President Ling Wen said on M ...
Sunday, 29 March 09
SHENHUA ENERGY 2008 NET RISES 29% TO RECORD ON PRICES - BLOOMBERG
China Shenhua Energy Co Ltd., the nation’s biggest coal producer, said profit rose 29 percent to a record in 2008 after it increased productio ...
Friday, 27 March 09
SOUTH AFRICAN COAL EXPORTS EXPECTED TO RISE IN 2009, BUT RAIL WILL DETERMINE BY HOW MUCH - MININGWEEKLY
South Africa has an expanding coal-export terminal, but an uncertain rail capacity.
The mismatch is something South Africa cannot afford, given i ...
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- Singapore Mercantile Exchange
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- Binh Thuan Hamico - Vietnam
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- Bulk Trading Sa - Switzerland
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- TeaM Sual Corporation - Philippines
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- Australian Coal Association
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- Wood Mackenzie - Singapore
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- Africa Commodities Group - South Africa
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- Leighton Contractors Pty Ltd - Australia
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- Sojitz Corporation - Japan
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- Trasteel International SA, Italy
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- Alfred C Toepfer International GmbH - Germany
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- Economic Council, Georgia
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- Power Finance Corporation Ltd., India
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- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
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- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
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- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
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- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
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- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
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- MS Steel International - UAE
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
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- South Luzon Thermal Energy Corporation
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- PowerSource Philippines DevCo
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- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
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- ASAPP Information Group - India
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- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
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- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
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- Holcim Trading Pte Ltd - Singapore
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- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- The University of Queensland
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
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- Kaltim Prima Coal - Indonesia
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- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
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- Australian Commodity Traders Exchange
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- White Energy Company Limited
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- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
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- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
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- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
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