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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, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
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