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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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Thursday, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
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- Videocon Industries ltd - India
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- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
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- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
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- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
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- SMC Global Power, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- The State Trading Corporation of India Ltd
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- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
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- Trasteel International SA, Italy
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
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- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
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- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
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- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
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- Mercuria Energy - Indonesia
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- Bharathi Cement Corporation - India
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- Tata Chemicals Ltd - India
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- Petron Corporation, Philippines
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- Deloitte Consulting - India
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- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
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- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
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- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
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- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
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- Chamber of Mines of South Africa
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- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
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- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
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- Larsen & Toubro Limited - India
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- Bhushan Steel Limited - India
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- Bhatia International Limited - India
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- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
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- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
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- Indogreen Group - Indonesia
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- Planning Commission, India
- Thai Mozambique Logistica
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- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
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- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
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- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Parliament of New Zealand
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- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
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- The University of Queensland
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