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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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Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
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- The University of Queensland
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- Marubeni Corporation - India
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- The Treasury - Australian Government
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- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
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- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
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- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
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- Kohat Cement Company Ltd. - Pakistan
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- Bulk Trading Sa - Switzerland
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- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
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- Star Paper Mills Limited - India
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- Renaissance Capital - South Africa
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- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
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- Indian Oil Corporation Limited
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- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
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- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
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- Vijayanagar Sugar Pvt Ltd - India
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- Rashtriya Ispat Nigam Limited - India
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- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
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- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Minerals Council of Australia
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- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
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- Singapore Mercantile Exchange
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- ASAPP Information Group - India
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- Jaiprakash Power Ventures ltd
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- Medco Energi Mining Internasional
- Economic Council, Georgia
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- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
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- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
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- Parliament of New Zealand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
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