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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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Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
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- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
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