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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
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