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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, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Trasteel International SA, Italy
- Parliament of New Zealand
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- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
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- Jindal Steel & Power Ltd - India
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- MS Steel International - UAE
- Indian Energy Exchange, India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- White Energy Company Limited
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- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
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- Romanian Commodities Exchange
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- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Thiess Contractors Indonesia
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- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
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- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
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- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
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- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
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- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
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- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
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- Savvy Resources Ltd - HongKong
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- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
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- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
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