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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, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
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- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
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- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
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- ASAPP Information Group - India
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- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
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- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
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- Vedanta Resources Plc - India
- Romanian Commodities Exchange
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- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
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- Commonwealth Bank - Australia
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- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- The University of Queensland
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
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- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
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- Barasentosa Lestari - Indonesia
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- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
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- Parliament of New Zealand
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- Central Electricity Authority - India
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- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
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- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
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- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
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- Planning Commission, India
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- Samtan Co., Ltd - South Korea
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- Directorate General of MIneral and Coal - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
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- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
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- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
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- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
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