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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, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- PTC India Limited - India
- Mjunction Services Limited - India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Planning Commission, India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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