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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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Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
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- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
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