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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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Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
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- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Deloitte Consulting - India
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- Parliament of New Zealand
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- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
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- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Economic Council, Georgia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
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