We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
|
|
|
Showing 5811 to 5815 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- VISA Power Limited - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Parliament of New Zealand
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
|
| |
| |
|
