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Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The coal majors are Rio Tinto and US coal producer, Peabody Energy.
The Union coal minister, Sri Prakash Jaiswal said, “The CEO had come from the US for a meeting on Tuesday and an Indian delegations will fly to there by May-end for further negotiations.”
DNA Money was the first to break the story that CIL has hired RBS and other bankers for evaluating the coal companies.
Jaiswal added, “The deal has to meet our expectations. We want to bring in the latest technology, increase coal production, latest mining equipment and coal property purchase.”
The minister further said that CIL would be taken to the capital market in August-September and he expects it to be the biggest disinvestment from the government’s table.
The coal ministry is expecting a gap of 70 million tonnes, which it expects to import in the 12th five-year plan.
For the 11th Plan, the Planning Commission had a requirement of 604 million tonne, of which, CIL is able to produce 534 million tonne. The coal production for this year is up by 8%.
The minister also said that coal mining licenses, for all those companies who have not started mining in allotted mines, would be revoked.
Jaiswal said, “We have allocated 208 coal blocks in last three-four years and only 25 have been developed as per our survey. We had given it to private players thinking they would start mining fast, which is not the case. They are showing mines as property, so we have issued notices and are awaiting their responses. We will cancel the mine allocations if we find the reasons unjustified and false.”
Source: DNA ( By Pooja Sarkar & Shubhashish / DNA)
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Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
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- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Planning Commission, India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- The Treasury - Australian Government
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
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