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Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
 An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Scotland and Bank of Canada are the three merchant banks selected for helping the public sector Coal India Ltd (CIL) which is currently taking efforts to seal strategic partnership deals with coal companies in three countries — Australia, Indonesia and the U.S. — for augmenting India's coal supplies.
Stating this, a senior official at CIL said that quotations were invited for zone-wise participation by the investment bankers for helping in the global expressions of interest bids which were invited in July 2009 for selection of strategic partners for acquiring coal assets development and operating mines and resources abroad.
An investment of about $1.8 billion is expected to be made in these deals which may involve the world's single largest coal company, CIL, picking up shares in the overseas companies against assured supplies of coal, the official said. While Bank of America-Merill Lynch (and its Indian arm DSP Merill Lynch) will help with the Australian proposals, Bank of Canada will help conduct due diligence and evaluation of the proposals from the U.S. and Royal Bank of Scotland will help with Indonesia.
CIL had received 10 proposals from five companies in Australia, the U.S. and Indonesia. However, at present, only five proposals are being evaluated, as CIL has decided that, at the outset, only listed companies will be considered.
The proposal includes picking up equity and entering into offtake arrangements. Proposals were invited and received from South Africa, but they have not qualified for being considered in the first round, the official said.
One of the companies in the fray, Peabody Energy Corp. which has eight mines in Australia, said in a statement on Monday that it was in preliminary talks with Coal India regarding long-term coal supplies and other possible cooperative ventures.
This statement followed media reports in Australia that the company was in negotiations with CIL. Peabody said that the talks with Coal India involved a “broad range of preliminary discussions” and that there have been no agreements or decisions made regarding timing or structure. Peabody said it recognised long-term coal demand in India. The demand-supply gap in coal is projected to increase in India during the current Plan as facing obstacles it has not been possible to implement many projects. Consequently, production targets had to be lowered and it is now estimated that the gap would increase to about 80 million tonnes by 2012 instead of the 51 million tonnes projected earlier. As per the New Coal Distribution Policy, it is incumbent on CIL to meet the country's coal requirement, if needed through imports.
Source: The Hindu (By Indrani Dutta )
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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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- PetroVietnam Power Coal Import and Supply Company
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- Indika Energy - Indonesia
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- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
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- Planning Commission, India
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- Renaissance Capital - South Africa
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- ICICI Bank Limited - India
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- Economic Council, Georgia
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- Minerals Council of Australia
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- Commonwealth Bank - Australia
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- Central Electricity Authority - India
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- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
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- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Africa Commodities Group - South Africa
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- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
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- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
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- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
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- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
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- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
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- Petrochimia International Co. Ltd.- Taiwan
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- Banpu Public Company Limited - Thailand
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- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
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- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
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- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
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- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
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- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
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- Global Business Power Corporation, Philippines
- PTC India Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Mercator Lines Limited - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
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- Directorate Of Revenue Intelligence - India
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- Tamil Nadu electricity Board
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- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
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- Eastern Energy - Thailand
- Deloitte Consulting - India
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- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
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