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Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
 State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining assets in Mozambique, Indonesia and Australia, as the new government firms up plans to meet the growing energy demand.
While NTPC is focussing on Mozambique and Indonesia, Coal India is all set to sign a joint venture agreement with the Mozambique government and has also shortlisted mining firms in Australia and Indonesia, according to top executives from the two companies.
Speaking to ET, Coal India chairman Partha S Bhattacharyya said: “We hope to finalise our overseas expansion deals in Mozambique, Australia and Indonesia in the next three months. Coal India, which produced over 400 million tonne of coal in the previous fiscal, plans to raise its output to 520 million tonne by 2012 and 664 million tonne in the next five years. Its output past year accounted for 85% of the nation’s production. “From overseas assets, we aim to add 50 million tonne per annum by 2020,” added Mr Bhattacharyya.
In order to meet the country’s growing energy demands, NTPC and Coal India (CIL) have been trying to acquire overseas mining assets. Coal India’s overseas venture arm Coal Videsh and its joint venture unit International Coal Ventures are used for the purpose of acquisitions abroad.
International Coal Ventures is a special purpose vehicle (SPV) created by Coal India, SAIL, NTPC, National Mineral Development Corp and others to scout for coal assets abroad. Coal India and SAIL are major stake holders in the SPV.
According to NTPC chairman RS Sharma, “We will finalise merchant bankers for our proposed acquisitions next month.” NTPC has identified two mining assets in Indonesia and two in Mozambique for which due diligence process is in progress. The public sector utility would require about 150 million tonne of coal for its power units, which is mainly supplied by CIL.
Coal India is progressing fast also. “We have received the drafts of contract and the JV agreement from the Mozambique government,” said Mr Bhattacharyya. “We’ll go ahead after examining these documents,” he added. The company’s ventures in Australia and Indonesia are in advanced stages, he said, adding that the company has shortlisted few mining firms in both the countries.”
India’s largest coal producer has also been granted two exploratory coal mining blocks in Mozambique, with reserves of 1 billion tonne. “This project would require a joint investment of around Rs 2,000 crore per 10 million tonne exploration over five years. In this, CIL’s investment share would be in accordance with the nature of JV — it could be in order of 3:1 or 1:1,” said Mr Bhattacharyya.
Further, the coal ministry has proposals to raise the overseas investment limit of CIL beyond Rs 1,000 crore for asset acquisition. The proposal would be soon placed before the cabinet committee, minister of state for coal Sriprakash Jaiswal has said.
Being a navratna company, which has to be listed by October 2011, it could invest Rs 1,000 crore for overseas assets.
Source: Economic Times (http://economictimes.indiatimes.com/News-by-Industry/NTPC-Coal-India-to-buy-mining-assets/articleshow/4694481.cms)
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Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
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.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
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- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
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- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
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- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
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