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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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Tuesday, 01 March 11
GANGAVARAM PORT, AN INDIAN MODERN PORT CREATES RECORD
COALspot.com - Gangavaram Port, the deepest and the most modern port in India creates yet another record by discharging 65349 MT Coking Coal in 24 h ...
Monday, 28 February 11
COAL INDIA HIKES PRICES BY 12% FOR SELECT CONSUMERS - ECONOMIC TIMES
Economic Times reported that, Coal India has raised prices by an average 12% for some of its consumers from Sunday, boosting its revenue by 6,000 cr ...
Saturday, 26 February 11
CIL TO HIKE COAL PRICES BY 15 PC FROM TONIGHT - THE TIMES OF INDIA
The Times of India reported that, an Indian State-run coal producer, Coal India will raise the price of coal on an average by about 15 per cent with ...
Saturday, 26 February 11
SUPRAMAX INDEX WAS UP ABOUT 10 PERCENT THIS WEEK - VISTAAR
COALspot.com - The market started on a weak note and seemed to have lost the momentum seen the previous week. The main sectors affected were Cape an ...
Saturday, 26 February 11
PEABODY ENERGY ENTERS INTO COAL SOURCING AGREEMENT ACCESSING INDONESIAN COAL FOR EXPORT
Peabody Energy today said it has entered into an agreement with Indonesia's PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal for Asi ...
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- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
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