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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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Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
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- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Planning Commission, India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Australian Coal Association
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
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