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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, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
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- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- The University of Queensland
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
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