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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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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
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- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Australian Coal Association
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- MS Steel International - UAE
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Romanian Commodities Exchange
- PTC India Limited - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
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