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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, 22 January 10
ENERGY ADVISORY COUNCIL MULLS - COAL EXPORT BAN
The National Energy Council, which advises the House of Representatives and the president on energy issues, has begun to debate a proposal to ban ex ...
Friday, 22 January 10
MERCATOR EYES MORE COAL MINES IN INDONESIA
India’s second-largest private shipping company Mercator Lines is looking at acquiring more coal mines in Indonesia as part of its strategy&nb ...
Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture w ...
Friday, 22 January 10
SHENHUA ENERGY 09 YIELDED 210MN TONS COMMODITY COAL
China Shenhua Energy Co., Ltd. yielded 210 million tons of commodity coal in 2009, hiking 13.2% year on year, the Chinese energy titan announced tod ...
Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
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- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Planning Commission, India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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