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Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
“The proposal to increase the financial powers of Coal India beyond Rs 1,000 crore for investments abroad would be placed before the Cabinet Committee on Economic Affairs soon,” minister of state for coal Sriprakash Jaiswal said today.
The country’s largest coal producer has been scouting for assets in Africa, Australia and Indonesia to meet the growing energy demands in the country.
Industry sources said the company was close to acquiring coking and non-coking coal blocks in Indonesia and Mozambique.
According to Jaiswal, the committee of secretaries had favoured an increase in the corpus, and other ministries and departments had sent in their comments.
Being a navratna company, Coal India can acquire assets up to Rs 1,000 crore without permission from the government.
The firm is seeking an increase in the investment limit, as vital energy assets abroad are ruling cheap because of the global recession.
Jaiswal said the government could divest up to 10 per cent in CIL through an initial market offering.
Source: Telegraph India (http://www.telegraphindia.com/1090618/jsp/business/story_11127106.jsp)
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Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
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- Central Electricity Authority - India
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- The State Trading Corporation of India Ltd
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- Kideco Jaya Agung - Indonesia
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- Eastern Energy - Thailand
- Economic Council, Georgia
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- SMC Global Power, Philippines
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- Indian Oil Corporation Limited
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- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- The University of Queensland
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- London Commodity Brokers - England
- Independent Power Producers Association of India
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- Simpson Spence & Young - Indonesia
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- Sojitz Corporation - Japan
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- Coal and Oil Company - UAE
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- Electricity Authority, New Zealand
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- GMR Energy Limited - India
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- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
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- India Bulls Power Limited - India
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- Trasteel International SA, Italy
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- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Chamber of Mines of South Africa
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- Grasim Industreis Ltd - India
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- Parliament of New Zealand
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- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
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- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
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- Africa Commodities Group - South Africa
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- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
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- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
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- Eastern Coal Council - USA
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- Wilmar Investment Holdings
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- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
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- Georgia Ports Authority, United States
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
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- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
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- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
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- Minerals Council of Australia
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- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
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