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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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Wednesday, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaiku ...
Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
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- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
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- Salva Resources Pvt Ltd - India
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- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
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- Medco Energi Mining Internasional
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- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
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- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
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- VISA Power Limited - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
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- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Planning Commission, India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
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