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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, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
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- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Parliament of New Zealand
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Australian Coal Association
- Minerals Council of Australia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
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