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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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Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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- Ministry of Transport, Egypt
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- Chamber of Mines of South Africa
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- Global Coal Blending Company Limited - Australia
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- The University of Queensland
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- Cigading International Bulk Terminal - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- Coalindo Energy - Indonesia
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- Kapuas Tunggal Persada - Indonesia
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- Africa Commodities Group - South Africa
- Parliament of New Zealand
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- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
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- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
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- Eastern Coal Council - USA
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- Power Finance Corporation Ltd., India
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- Uttam Galva Steels Limited - India
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- Bangladesh Power Developement Board
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
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- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
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- LBH Netherlands Bv - Netherlands
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- Posco Energy - South Korea
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
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- Georgia Ports Authority, United States
- Planning Commission, India
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- Baramulti Group, Indonesia
- Australian Coal Association
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- New Zealand Coal & Carbon
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- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
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- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
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- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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