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Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
Peabody will transfer the mine to a special purpose vehicle or a company set up for a particular transaction in which it will hold up to 90%, with the Indian company owning the rest, a CIL official said. He spoke on conditions of anonymity as the transaction has not been closed.
CIL is eager to buy Wilkie Creek mine, located in the province of Queensland, as part of its drive to import coal. The company’s chairman, Partha S Bhattacharyya, has said he expects to strike a deal soon.
“The plan is to form a new company by Peabody to which the Wilkie Creek mine will be transferred. CIL will take 10-15% stake in this company at a price which is being negotiated,” the official said. Earlier, the CIL chairman had said the difference between the price offered by CIL and the price being asked by Peabody has narrowed considerably.
Reports suggest that the asking price had come down to $600-700 million from $1 billion earlier. If CIL acquires a 15% stake, it will have to pay close to $105 million. The Wilkie Creek mine is located in the Surat Basin in south-east Queensland and produces 2.35 million tonne of coal usable in power plants.
The coal extracted is exported to Japan, Taiwan and Korea to fire power plants in these countries. Peabody holds mining leases totalling 1,128 hectare in the area and the company’s expansion project seeks to convert additional areas to active mining leases. Brisbane, which is 250 km away, is the nearest port.
CIL is in talks with foreign coal firms Peabody of US, Massey Energy and Indonesian Sinarma , for possible partnerships that will see investment of about $2 billion (over `9,000 crore) in overseas ventures.
Source: Economic Times
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Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...
Friday, 04 March 11
IRON ORE FROM INDIA HAS BEEN QUIET
Handy
Activity has been gradually rising in the Atlantic but it is mostly confined to the USG market. Short period basis redelivery Atlantic has b ...
Thursday, 03 March 11
TNPL INDIA LOOKING FOR 160,000 MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. is seeking to import 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calo ...
Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled a ...
Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o- ...
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- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- The University of Queensland
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
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