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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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Wednesday, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...
Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...
Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
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Showing 5411 to 5415 news of total 6871 |
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- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- McConnell Dowell - Australia
- The University of Queensland
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Parliament of New Zealand
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
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