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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, 26 July 10
CEMENT MAKERS EXPLORE NEW FUELS TO REPLACE COAL - ECONOMIC TIMES
Economic Times reported that, As the cement industry reels under high raw material costs and reduced coal linkages, companies are exploring alternat ...
Saturday, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...
Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
COALspot.com : Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree related to Domestic market obligation (DMO) for ...
Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it ...
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- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
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