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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, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- The University of Queensland
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
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