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Liebherr has achieved a record turnover of €10.55 billion for 2018. This broke through the €10 billion barrier for the first time in the company’s history and represents an increase of €739 million, o ......
|Description||Liebherr has achieved a record turnover of €10.55 billion for 2018. This broke through the €10 billion barrier for the first time in the company’s history and represents an increase of €739 million, or 7.5 %, compared with the previous year’s turnover. This came despite a slight decline in overall economic growth. Both the construction machinery and mining equipment divisions recorded overall increases in sales revenues, as did the other product areas overall. Revenues from construction machinery and mining equipment rose by 10.8 % to €6.83 billion, with especially strong contributions from the Earthmoving, Mobile Cranes and Mining divisions. Record sales generated in 2018 can be attributed to the very favourable economic conditions and higher demand in several sales regions. Sales continued to increase within the European Union, which is Liebherr’s most important sales region. This can be attributed, among other things, to renewed growth in Germany, which is Liebherr’s largest market, and to the positive economic situation in France and Great Britain. In the non-EU countries sales revenues fell compared to the previous year, mainly due to the development of the currency exchange rate in Russia. The business also performed very positively in North America, Central and South America, and Asia and Oceania, driven in particular by the markets in the USA, Australia and China. The Liebherr Group achieved a net profit of €321 million in 2018, slightly above the previous year’s level. The operating result remained stable compared to the previous year. The financial result declined, mainly due to negative effects of currency movements. The 2018 business year saw a significant increase in the workforce. At the end of the year, the Liebherr Group had a total of 46,169 employees worldwide. Compared to the previous year, this constituted an increase of 2,300. Liebherr invested €586 million in research and development last year. The bulk of this was used in the development of new products. A large number of joint research projects with universities, other higher education institutions and research institutes were initiated and continued. A special area of focus for this research project is the construction site of the future. For example, Liebherr started a development partnership with the RWTH Aachen within the framework of the Center Construction Robotics and is also involved in the "Construction 4.0" joint project initiated by the German Mechanical Engineering Industry Association (VDMA). Important issues across the wide range of products and services include, as they have done for many years, increasing energy efficiency, networking, automation and lightweight product design. The Group is also forging ahead with e mobility initiatives, developing charging cable cooling units for charging stations and carrying out research into an electric turbo compressor for fuelcell-powered vehicles. Strong investments were made also in production, sales and service and €829 million was invested in the production sites and the global sales and service network. This means the Liebherr Group increased its investment activities by €51 million compared to the previous year. The Group has invested in Bad Schussenried (Germany) which will serve as a new manufacturing site for concrete pumps. New production lines for large engines are being set up in Bulle (Switzerland) and Colmar (France). Outside Europe, Liebherr is investing in projects such as the development of the Newport News site (USA). The expansion of the crane, construction machinery and concrete technology divisions is intended to support the Group’s long-term growth strategy in the US market. The Liebherr Group expects further growth in 2019 as according to the latest projections, global economic growth is expected to continue to slow during the current year. However, there are no signs of an imminent recession.|
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Zambia is set to construct the largest manganese smelting plant in the country at a whopping cost of US $15m. The project which will be under a Chinese company, Hu-Cheng Mining LTD, will be located ......
|Description||Zambia is set to construct the largest manganese smelting plant in the country at a whopping cost of US $15m. The project which will be under a Chinese company, Hu-Cheng Mining LTD, will be located in Kapiri Mposhi district, in Central Province. The smelter will have capacity to process 40, 000 tonnes of manganese, which will produce steel alloy plates, to be used in the manufacturing of iron related products such as iron sheets and machinery. “This plant we are constructing here will be the biggest in Zambia, we have a similar plant in China were we are processing raw manganese into semi-finished steel alloy so this one is a model of that plant in China,” said Yan Li, Hu-Cheng Mining LTD Production Director. Also Read:Kenya to construct US $197m incineration plant Empowering local manganese miners Construction is expected to be complete and handed over in July 2019. It will help create over 200 job opportunities, and social responsibility programmes will be initiated for local people in the district. 400 permanent jobs will also be created. Li also noted that the company will empower local manganese miners as Kapiri Mposhi, Mkushi and Serenje districts with mining equipment to enhance their mining capacity, in order to sustain the supply of the required manganese feed-stock to the plant. “Small scale miners will have no challenge to supply us with manganese because we are going to supply them with machinery such as excavators and transfer mining skills to them to mine the ore to supply us to sustain the plant. The construction of the manganese plant and other investments coming to the district will help the local authority increase its revenue base,” said Yan Li. Challenge in electricity supply However, Mr Li notes that electricity will be a challenge during the construction process due to the high voltage of electricity supply needed at the plant. He said his company has since presented a request to ZESCO for supply the plant with a 33 kilo-volt line. “We set up this plant in Kapiri Mposhi because the area is strategically located and has enough manganese deposits to sustain the plant,” said Mr. Li.|
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The government of Ghana has announced plans to develop Takoradi Port into an an oil and gas hub in the West Africa sub-region, following the government’s ongoing 3 year master plan. Mr Ken Ofori-Atta ......
|Description||The government of Ghana has announced plans to develop Takoradi Port into an an oil and gas hub in the West Africa sub-region, following the government’s ongoing 3 year master plan. Mr Ken Ofori-Atta, Minister of Finance confirmed the reports during the presentation of the 2019 Budget and Economic Statement to Parliament in Accra, and said phase one of the dry bulk jetty with a a 600 meter wall has been completed and the second phase of an additional 200-metre quay wall will commence in 2019. Also read: Buhari orders construction of rail infrastructure in major seaports Multi-purpose terminal container Operation and development of an on-dock container with a container quay of 16-meter draft has also begun. The multi-purpose terminal container will be of great help in accommodating bigger vessels. The master plan developed in 2014 intends to improve the building additional breakwater, dredging of access channel, construction of new berths including a bauxite, clinker and limestone jetty, manganese, landslide side infrastructure and building of new offshore oil base. Reclaiming land, a floating facility, a shipyard, a 300-meter quay and fabrication yards for light and heavy industries are also some of the plans put together in the master plan. The Ghana ports and Harbors Authority has viewed the oil and gas opportunity since 2007. The authority says that exploring the resource and making the port a service hub for black gold industry is a sure way to get the port back to its vibrant feet after the port lost out on the transit trade. The development of Takoradi port as an oil and gas logistics center is as a result of a discovery made by Tullow of an offshore oil and gas. To create more land, dredging back fill will be carried out at an established oil and gas free zone oilfields service hub. Takoradi which is Ghana’s oldest commercial seaport imports 30% of wheat, petroleum products and containerized cargo. 70 % of exports is made up of bauxite, forest products, mining equipment, bagged and cocoa beans.|
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LiuGong has unveiled the firm’s first-ever intelligent remote-controlled shovel wheeled loader. The 886H is said by the Chinese global construction, quarrying and mining equipment giant to be a combi ......
|Description||LiuGong has unveiled the firm’s first-ever intelligent remote-controlled shovel wheeled loader. The 886H is said by the Chinese global construction, quarrying and mining equipment giant to be a combination of intelligent remote control and intelligent technology. The model’s intelligent wheeled loader shovelling system senses material penetration; has one bottom loading and dumping; along with bucket auto levelling and controllable placement of the bucket. Intelligent shovelling enables the machine to shovel independently, as long as the driver controls the wheeled loader close to the stack. The operator only needs to lower its arm to carry out the second shovelling operation. The 886H also applies the intelligent protection technology to realise automatic identification system and auto emergency stop. As a result, the machine can not only be used in its normal applications, but also can be widely used in dangerous environment such as rescue and disaster relief. And the remote-control technology made it a match for the tasks in challenging applications underground or where there are high radiation levels for example. All the operations can be observed from the videos that are sent back by the machine’s cameras and the effective control distance is 2,000m. A Cummins QSM11 diesel provides dependable power to the LiuGong 886H. Two working modes of Standard and Economic can be switched easily according to working conditions for additional energy-savings. The newly optimized work hydraulic system and power combination increase bucket breakout force and loading capacity. Careful distribution of stress loads improves job efficiency. New constant flow hydraulic system, highly efficient, energy-saving and quick responding, it takes any compound actions with ease. Integrated FNR pilot control joystick is easy to operate.|
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Volvo Construction Equipment and its customer Skanska have recorded claimed groundbreaking results from their Electric Site research project. The duo have been testing the viability of the Electric Si ......
|Description||Volvo Construction Equipment and its customer Skanska have recorded claimed groundbreaking results from their Electric Site research project. The duo have been testing the viability of the Electric Site research project over the last 10 weeks at Skanska’s Vikan Kross quarry, near Gothenburg, Sweden. The tests are said to have showed a 98% reduction in carbon emissions, a 70% reduction in energy cost and a 40% reduction in operator cost. Volvo CE says the results indicate that the Electric Site project is taking a big step towards helping the Swedish global quarrying, construction and mining equipment market manufacturer achieve its future vision where work sites are ten times more efficient, with zero accidents, zero unplanned stops and zero emissions. Together, Volvo CE says that the results support the potential for a 25% reduction in total cost of operations. However, at this stage, the reduction in total cost of operations is just a prediction. As the prototype machines are part of a research project and are not commercially available, it is impossible to give a guaranteed figure. “Over the last ten weeks, we’ve made incredible progress, learnt a lot and seen huge potential in the Electric Site solution’s environmental, efficiency, safety and cost benefits,” says Uwe Müller, chief project manager for the Electric Site at Volvo CE. “In fact, we have decided that we want to learn more, so we will extend our test period with Skanska until the end of the year. The results we have seen so far confirm that this research project is a step towards transforming the quarry and aggregates industry and creating emission-free quarries.” The Electric Site project aims to electrify each transport stage in a quarry – from excavation to primary crushing, and transport to secondary crushing. It incorporates electric and autonomous prototype Volvo CE machines, new work methods, and site management systems, which together form a complete site solution. New technology encompasses machine and fleet control systems and logistic solutions for electric machines in quarries. “With climate change reshaping our industry, we need to find new, sustainable solutions and build partnerships with organisations that have different competencies,” says Anders Danielsson, president and CEO of Skanska. “Our ambition is that this collaboration with Volvo CE will help us and our customers to reduce our carbon footprint. The power of partnership will make it happen.” The Electric Site project involves eight HX2 autonomous, battery-electric load carriers, which transport the material from the primary mobile crusher up to the secondary static crusher. When it came to energy use per ton, the HX2s proved that they could help Volvo CE take a big step towards achieving its future vision where work sites are ten times more efficient. The second-generation prototypes incorporate shared technologies and components from the Volvo Group. They use a lithium ion battery to power two electric motors which drive the machine; the hydraulics are driven by an additional electric motor. The HX2 is fitted with a vision system, which allows it to detect humans and obstacles in its vicinity. It can follow an adjustable, pre-programed GPS path. The LX1 prototype electric hybrid wheeled loader delivered more than a 50% improvement in fuel efficiency at the quarry, as well as significant reductions in emissions and noise pollution, compared to its conventional counterparts. Its job was to organise the piles of material at the site. The LX1 is a series hybrid that incorporates a driveline that consists of electric drive motors mounted at the wheels, electric-driven hydraulics, an energy storage system, a significantly smaller diesel engine and new machine architecture, including a new design of the lifting unit. It’s this combination that enables the substantial gain in fuel efficiency. The EX1 70-ton, dual-powered, cable-connected excavator prototype loaded the primary crusher at the quarry. The base machine for the EX1 is a Volvo EC750 crawler excavator that has been upgraded to incorporate an electric motor in addition to the diesel engine. At the quarry, the machine was plugged into the grid, so zero emissions were emitted. If the cable is connected, the EX1 will automatically start in electric mode. If it’s not, it will start in diesel mode. The EX1 is operated in exactly the same way as a conventional Volvo excavator. “At Volvo CE, we believe in a sustainable future and we are doing our best to build the world we want to live in,” concludes Melker Jernberg, president of Volvo CE. “The Electric Site is one example of how we are trying to achieve this. With this research project we are combining intelligent machines, automation and electromobility to challenge traditional ways of working in the quarrying industry and explore new alternatives. We will now further mature the technologies involved and the reliability of the concept. Developing, testing and validating prototype machines with a customer at an early stage in the process speeds up development and ultimately brings more value to us and our customers.”|
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Metso has received a favourable decision by the Shanghai Pudong New Area Peoples Courts in China that fully supports the Finnish global quarrying and mining equipment market manufacturer’s claims agai ......
|Description||Metso has received a favourable decision by the Shanghai Pudong New Area Peoples Courts in China that fully supports the Finnish global quarrying and mining equipment market manufacturer’s claims against Shenyang Sanland Mining Equipment Manufacture Co. and Shenyang Sanland Crusher and Grinder Equipment Manufacture Co. Ltd. for infringement of Metso’s intellectual property rights. The court ordered the two companies to immediately cease their infringement, which constituted of production and marketing of imitations of Metsos equipment and parts. The companies may appeal the courts decision In a statement, Metso said: “Metso is very pleased by the courts ruling that protects Metsos trademarks and goodwill in China, and by the courts stance in enforcement of intellectual property rights. Going forward, our customers can rely on Metso providing high quality products and services in China. “Metso will continue to take the appropriate legal actions to protect its intellectual property in China as well as in all markets the company operates in.”|
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The murder of three Russian journalists last week in a remote area of the Central African Republic, the world’s poorest country according to the World Bank, has turned a spotlight on what looks like a ......
|Description||The murder of three Russian journalists last week in a remote area of the Central African Republic, the world’s poorest country according to the World Bank, has turned a spotlight on what looks like a big Kremlin play for influence and resources in Africa. Where China has spent decades and billions of dollars trying to entrench itself there, Russia is offering its brute force and strong appetite for risk. It’s already making headway. The three journalists, Orkhan Dzhemal, Alexander Rastorguev and Kirill Radchenko, were in the Central African Republic working on an investigative film about the Wagner private military company. Thats a secretive Russian contractor linked by news reports to Yevgeny Prigozhin, a St. Petersburg catering entrepreneur close to Russian President Vladimir Putin. Prigozhin is also one of 12 people indicted in the U.S. along with the Internet Research Agency, a troll farm he funded that has been caught up in Special Counsel Robert Mueller’s investigation of Russian interference in the 2016 presidential election. Wagner has provided mercenaries to fight in the eastern Ukraine and Syria, and it’s probably also present in the Central African Republic and neighboring Sudan. Back in March, the Russian Foreign Ministry reported that Russia was working with the government of Central African Republic President Faustin-Archange Touadera to explore the country’s natural resources on a concession basis. At the same time, the ministry said, Russia had sent weapons along with five military and 170 civilian instructors to train the nations military forces. The African country, home to warring Christian and Muslim groups, is under a United Nations-imposed arms embargo, but Russia obtained an official dispensation, arguing that the weapons – 5,200 Kalashnikov submachine guns and smaller numbers of handguns, grenade launchers and other hardware – were for the UN-supported regime. The mining concessions and the “civilian instructors,” however, appear to be more closely linked than the Foreign Ministry let on. Africa Intelligence, a Paris-based investigative and research outfit, reported in July that the government of the Central African Republic had begun extracting diamonds on an alluvial site not far from the capital, Bangui, with the help of a company called Lobaye Invest. The company, according to Africa Intelligence, is a subsidiary of the St. Petersburg firm M Invest, founded by Prigozhin. Africa Intelligence reported that Wagner fighters were delivering mining equipment to the site in armored trucks. At the same time, Touadera’s Russian advisers are helping the president negotiate a truce with various groups that used to be part of the Muslim rebel movement, Seleka. This is a business model Wagner has reportedly used in Syria, where it lends its private troops to the regime of President Bashar Al-Assad, and in return receives a share of revenues from the oil wells and refineries the troops recover from regime opponents. In February, Wagner mercenaries clashed with U.S. troops while trying to seize a refinery and suffered major losses. Like Syrian oil, Central African Republic diamonds are a commodity on which no ordinary business can get its hands. In the 1960s, the country exported half a million carats of diamonds a year, a volume that would make it the seventh-biggest exporter in the world today. Unlike neighboring Democratic Republic of Congo, which specializes in industrial diamonds, Central African Republic diamonds are mostly gem-quality. But the enormous economic potential of the industry was undermined by civil strife and government greed. A lot of diamonds are still extracted illegally and smuggled out of the country, and there’s a partial ban on diamond exports. Another of the countrys major resources is gold, and the three Russian reporters died while trying to drive out to a gold mine, apparently to check on Russian presence there. The circumstances of their death are still unclear: The driver of their vehicle, who survived, keeps changing his testimony. But even though the journalists didn’t live to tell their story, they were known well enough in Russia to turn attention to Wagner. Dzhemal was one of Russia’s top war reporters, known for his intrepid coverage of the Russian operation against Georgia in 2008 and the Libyan conflict of 2011, in which he nearly lost a leg. Rastorguev was a documentary filmmaker known for his bold experiments, which often included giving a camera to subjects to record their daily lives. He was one of the two creators of The Term, the essential documentary depiction of the 2011-2012 political protests in Russia. Official Moscow was quick to deny any responsibility for the journalists’ death. Maria Zakharova, the Foreign Ministry spokeswoman, said they’d neglected the official channels, and pointed out that the presence of Russian “civilian instructors” in the Central African Republic was no secret. That, however, is probably disingenuous. There have been reports in the regional media that there are many more Russians in the Central African Republic than the 170 that the Foreign Ministry has mentioned. Nor has Russia admitted a connection between the “instructors” and mineral concessions. These concessions make Russia a contender for resources that have long interested China, present in the country since 2007, when a Chinese company began drilling for oil there. China has been less lucky than Russia so far, despite writing off billions of Central African Republic debt and setting up a program to train government officials. The oil project stalled in 2017, and China recently failed to gain a dispensation similar to Russia’s to supply weapons. France, Central African Republic’s former colonial master, is especially concerned about the inroads made there by non-Western powers. Putin’s Russia has sought to restore its Soviet-era influence throughout the developing world, and its activity in Africa is not limited to the Central African Republic. It’s worth watching for reports of Russian concessions in other nations, such as Sudan, Chad, Rwanda and Gabon. The Wagner business model is well suited to the region where a forceful presence can be a prerequisite for successful business – and where looking into how this business is conducted can easily get one killed. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Leonid Bershidsky is a Bloomberg Opinion columnist covering European politics and business. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru.|
Edghill writes PPC for probe of Charlestown bond deal The $12.5M per month deal in 2016 between the government and businessman Larry Singh – who has had a long association with the PNC – had raised i ......
|Description||Edghill writes PPC for probe of Charlestown bond deal The $12.5M per month deal in 2016 between the government and businessman Larry Singh – who has had a long association with the PNC – had raised ire on three grounds: whether there was need to rent a bond, what qualified Singh to rent such a facility to the government and how did he know that the government was in the market for a bond. Despite expectations that the deal would have been terminated, up to last month, the government was still paying the monthly rental though it still has not provided convincing information that the bond was needed. In his letter to Corbin which was released to the press today, Edghill sought an investigation under Article 212 AA of constitution which deals with the functions of the PPC. Noting that the government continues to rent the Sussex Street, Charlestown facility, Edghill raised several queries and requests. What was the emergency need referred to by the Minister? How was the company’s primary director, Larry Singh, made aware that a drug bond was needed? How was the Linden Holding Inc engaged to ink a contract? How was a contract for a bond for the storage of pharmaceuticals and medical supplies sole sourced from an entity that did not own and /or operate such a facility? Why did the contract stipulate rental of “office space” and not rental of a pharmaceutical bond? Was this price fair as it relates to market value for similar such facilities? Are the taxpayers getting value for money? Is this contracted facility operating according to WHO/PAHO standards for facilities used for the storage of pharmaceuticals and medical supplies? Identify what breaches took place in the procurement process Identify any recommendations for remedial action and preventative measures for its recurrence After the controversy over the bond erupted in August, 2016, Cabinet set up a sub-committee which recommended an early termination of the five-year contract. However, to date there is no evidence to suggest that this contract has been terminated or is nearing termination. The Cabinet sub-committee had been convened after former Public Health Minister Dr. George Norton had been found lying to Parliament in relation to the drug bond. The subcommittee’s report has stated that the lease should be revisited and strengthened and if there is a refusal by Linden Holding Inc, the landlord, government should give a year’s notice of a termination of the lease and build its own facilities in the intervening period. “With respect to the rental sum of $12,500,000 it is the subcommittee’s considered opinion that the value should be re-assessed as it is likely that a similar facility could be obtained at a lower rate,” the report said. It added that the general terms of the lease “are not altogether unfavourable” to the Ministry of Public Health as the lessor is obligated under the agreement to maintain the facility at a standard that will meet national and international specifications for the storage of drugs and pharmaceuticals. However, the subcommittee added that the agreement could be strengthened with more specific terms that address insurance and maintenance. The rental was only made public following questions posed by PPP/C MP Anil Nandlall in the Committee of Supply in August, 2016. At that time, he reminded that over $50M had already been paid in rent but the bond was never used. Subsequently he said, no tablets were found in the bond when an inspection was done by a team of Members of Parliament following a dispute on the floor as to whether the facility was in use. The visit occurred during the 2016 Budget Debate. “The nation’s taxpayers have so far lost nearly 200 million dollars in the process and the Treasury continues to bleed at 14 million dollars month. Yet we are told that we cannot afford to offer subsidies to our pensioners in relation to water rates and electricity bills; we are told that we cannot afford to remove VAT from private education for our children, medical supplies for our sick, educational supplies for our students, agricultural and mining equipment for our farmers and miners; we are told that we do not have money for the sugar industry so tens of thousands of people are being put on the breadline”, Nandlall told Stabroek News last month while adding that this “waste” of taxpayers’ dollars joins a long list of similar or more egregious expenditure of public funds at the hands of the Granger-led government. The deal with Singh to rent the Sussex Street property for use as a drug bond was said to have been initiated by the APNU+AFC government because extra storage capacity for drugs was needed. This was despite that fact that a government bond existed at Diamond on the East Bank where more pharmaceuticals could be stored. Singh had never run a bond storage operation before and critics have said the deal appeared to be a sweetheart arrangement to give business to a PNCR supporter. There have been many questions as to how Singh was chosen given the fact that there was no public tendering for the rental of that building.|
Belarus plans to export dump trucks and mining equipment to Armenia. The issue was discussed during the trip of Belarusian Ambassador Igor Nazaruk to Armenia's Syunik Province, BelTA learned from the ......
|Description||Belarus plans to export dump trucks and mining equipment to Armenia. The issue was discussed during the trip of Belarusian Ambassador Igor Nazaruk to Armenia's Syunik Province, BelTA learned from the press service of the Belarusian Ministry of Foreign Affairs.
The Ambassador visited a number of Armenian mining enterprises, in particular, Zangezur Copper and Molybdenum Plant, Agarak Copper and Molybdenum Plant, Kapan Mining and Processing Plant. The meeting with the companies' chief executives focused on the delivery of dump trucks, tires, mining equipment, and other in-demand Belarusian products to Armenia, the press release of the press service reads.
The Belarusian diplomat also met with Syunik Province Governor Surik Khachatryan. The participants of the meeting discussed a wide range of topical issues of the bilateral and international cooperation, the interaction in trade, economy, and the humanitarian field.
Adani Enterprises is eyeing a big chunk of coal mining contracts, which is an emerging business as the government opened up commercial coal mining to private companies this year. The conglomerate has ......
|Description||Adani Enterprises is eyeing a big chunk of coal mining contracts, which is an emerging business as the government opened up commercial coal mining to private companies this year. The conglomerate has set for itself an ambitious target of bagging not less than 15 out of the 45 blocks that are likely to get awarded to operators within the next three years.
In the near term, Adani is planning to bag some large mining contracts as many of the coal block owners are expected to finalise bids from the Mine Developer and Operators (MDO) for 7-8 blocks within six month's time, said Rajesh Agarwal, chief commercial officer, mining business, Adani Enterprise.
"We want to bid for around 45 blocks within the next 3 years' time out of which we have targeted to win 15 blocks. While more than 45 blocks might come, we have decided not to go for small ones, below 5 million tonne," Agarwal said on the sidelines of coal markets conference organised by Mjunction Services.
Country's largest power producer NTPC, which was earlier allotted eight coal blocks, is preparing itself to give three mines to mine developers within the next three months for which tenders have already been floated.
Following this, owners of several blocks of the Gare Palma cluster, which was the most sought after during the 2015 auctions, would finalise the mining contractors within the next six months.
State-owned power generation companies of Gujarat, Maharashtra and Chhattisgarh, owning blocks Gare Palma 3, 2 and 1 respectively, had earlier invited bids for MDOs, all of which are being aggressively eyed by Adani.
"We now have a clear visibility of six months' time by which 7-8 coal block owners would appoint operators, including three of NTPC - Talaipalli, Dulanga and Chatti-Bariatu – likely to get finalised in three months' time.
Another two important blocks, Gare Palma 2- and 3 would happen within another three month's time following by Gare Palma 1," Agarwal said, adding that Adani has bid aggressively for these contracts.
Adani currently has four mining contracts, of which the big three were given to it by Rajasthan state genco - Parsa East & Kente Basan, Parsa and Kente Extension - all of which are located in Chattisgarh and belong to a large natural mining area aggregating to yearly mining capacity of 27 million tonne.
These apart, Adani Enterprises is also working on group outfit Adani Power's Jitpur mine having a yearly capacity of 4 million tonne.
The opportunity for domestic mine developers has increased with the absence of foreign MDOs who are known for using state-of-the-art capital intensive and high productivity mining equipment.
"We don't see competition from foreign MDOs considering their risks perception of them operating in India, particularly after the Thiess Minecs arbitration case. None of the foreign companies has the appetite or the mindset to get into this business. Thiess tried but have gone away," he said.
Agarwal, in fact, has received proposals from foreign miners including those from China to act as sub-contractors but Adani hasn't shown any interest.
NTPC in 2014 had cancelled its MDO contract with Thiess Minecs citing delays in the development of Pakri Barwadih mine in Jharkhand following which the Australian mining company went in for arbitration proceedings.