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Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/Sinarma, for a possible partnership to take forward the about USD 2 billion (over Rs 9,000 crore) overseas ventures.
The world's largest coal producer will soon start due diligence at five mining assets of the global firms, spread across Australia, Indonesia and the United States.
CIL chairman Partha S Bhattacharyya had already named Peabody Energy as one of the shortlisted firms, out of the 59 proposals it received from global firms for its Expression of Interest. The navratna firm is currently considering equity buyouts and joint venture mining with these firms.
"A team of two CIL officials will undertake due diligence of mining assets of the Massey Energy Company in US, Peabody Energy in Australia, and Novem/Sinarma in Indonesia. They are expected to leave shortly," a senior Coal Ministry official told PTI.
The team is expected to visit Peabody Energy's Metropolitan Under Ground Mine and Wilkie Creek Mine in Australia; Novem/Sinarma's Borneo Inclobana and G 3 mines in Indonesia and Massey Energy Company's Sidney Underground Mines in the US.
CIL will finalise "at least" one deal in the next few months, the official said.
"CIL has already appointed merchant bankers and technical consultants for the proposed JV projects," another official in the know of the development said. CIL, which is sitting on a cash pile of over Rs 30,000 crore (US$ 6.629 billion), does not need to raise funds for its growth projects. (1 INR = 0.0220994 USD). To Read More Economic Times
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Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Planning Commission, India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
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