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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, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
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- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Deloitte Consulting - India
- Marubeni Corporation - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Renaissance Capital - South Africa
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
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