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Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
 Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
This is parallel to the company's attempt to strike joint ventures with the Indonesian coal companies through global tender.
Coal India Ltd has proposed development of a coal block in Indonesia in joint venture with the country's State sector.
The proposal, aimed at forging co-operation in the coal sector between the two countries, was mooted at the India-Indonesia Working Group meeting held in Jakarta earlier this month.
The Indian delegation was headed by Mr Alok Perti, Additional Secretary, Ministry of Coal, who is also the Government nominee on the CIL board.
Sources told Business Line that during the meeting, the CIL chairman, Mr Partha S. Bhattacharyya, proposed that the State enterprises of both the countries should join hands in developing a coal block in Indonesia to identify the mutual strengths and weaknesses and define the course of cooperation. He had also requested the Indonesian Government to identify a block for the purpose.
“Apparently the proposal was appreciated by the Indonesian delegation. However, a decision is awaited,” a source said.
An agreement on the part of the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal. This is parallel to the company's attempt to strike joint ventures with the Indonesian coal companies through global tender.
The Indian coal major was previously awarded two exploratory blocks by the Mozambique Government as part of a bi-lateral concession agreement between the two countries.
Coal production flat
CIL is stressing on liquidating its huge pithead stocks during the current quarter rather than adding to it by increasing production. Pithead stocks witnessed a sharp rise in the fourth quarter of the last fiscal due to high production and low dispatch, allegedly caused by low availability of wagons.
“We have managed a sharp increase in supplies so far in the first quarter of 2010-11 by liquidating our stocks. Coal production will remain flat during the quarter as we have mobilised our production capacity in overburden removal in the opencast mines. This would help us in stepping up production in the following quarters at a faster rate than last year,” a company source said.
CIL is targeting a 7 per cent growth in production to 460 million tonnes in this fiscal.
Source: The Hindu Businessline (reported By:Pratim Ranjan Bose)
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Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
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- Vedanta Resources Plc - India
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- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
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- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
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- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
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- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
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- Planning Commission, India
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- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
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- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
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- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
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- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
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- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
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- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
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- Rashtriya Ispat Nigam Limited - India
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- Indian Oil Corporation Limited
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- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Mjunction Services Limited - India
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- AsiaOL BioFuels Corp., Philippines
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- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Independent Power Producers Association of India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
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- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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