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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, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
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- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- PTC India Limited - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
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