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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, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
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- Gujarat Electricity Regulatory Commission - India
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- Planning Commission, India
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- Sojitz Corporation - Japan
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- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
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- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
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- Ministry of Transport, Egypt
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- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
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- Marubeni Corporation - India
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- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
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- Australian Coal Association
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- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
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- Medco Energi Mining Internasional
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- Chamber of Mines of South Africa
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- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
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- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
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- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
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- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
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- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- White Energy Company Limited
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
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- Mintek Dendrill Indonesia
- PTC India Limited - India
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- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
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