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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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Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
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- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- The University of Queensland
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
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