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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, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
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- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- The University of Queensland
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
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