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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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Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
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- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
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