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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, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
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- Georgia Ports Authority, United States
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- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
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- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
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- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
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- Minerals Council of Australia
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- Deloitte Consulting - India
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- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
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- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
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- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
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- Planning Commission, India
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- Videocon Industries ltd - India
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- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
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- IHS Mccloskey Coal Group - USA
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- Merrill Lynch Commodities Europe
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- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
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- Ceylon Electricity Board - Sri Lanka
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- Petron Corporation, Philippines
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- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
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- Intertek Mineral Services - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- The University of Queensland
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
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- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
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- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
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- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
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