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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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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
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- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
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- Sarangani Energy Corporation, Philippines
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- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
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- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
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- PTC India Limited - India
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- Renaissance Capital - South Africa
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- Siam City Cement - Thailand
- Romanian Commodities Exchange
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- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
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- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Planning Commission, India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
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