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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 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
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- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Australian Coal Association
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
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