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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, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
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- The University of Queensland
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- Commonwealth Bank - Australia
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- PTC India Limited - India
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- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
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- Larsen & Toubro Limited - India
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- Africa Commodities Group - South Africa
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- Minerals Council of Australia
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- Planning Commission, India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
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- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Romanian Commodities Exchange
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- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
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- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
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- Goldman Sachs - Singapore
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- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
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- Mercator Lines Limited - India
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- Deloitte Consulting - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
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- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
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- Agrawal Coal Company - India
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- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
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- Bayan Resources Tbk. - Indonesia
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- Georgia Ports Authority, United States
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- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Chamber of Mines of South Africa
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- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
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- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
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- Coal and Oil Company - UAE
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- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
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- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
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- Jaiprakash Power Ventures ltd
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