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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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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
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- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Australian Coal Association
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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