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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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Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
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- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
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- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
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- Sarangani Energy Corporation, Philippines
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- Coal and Oil Company - UAE
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- New Zealand Coal & Carbon
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- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
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- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Heidelberg Cement - Germany
- Parliament of New Zealand
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- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Carbofer General Trading SA - India
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- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
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- Eastern Energy - Thailand
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- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
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- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- London Commodity Brokers - England
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
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- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
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- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Planning Commission, India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
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- Thiess Contractors Indonesia
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- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Global Business Power Corporation, Philippines
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- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
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