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Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
 * Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, the public sector Coal India Ltd (CIL) is keen to enter into joint ventures for starting mining activities in the U.S., Australia, South Africa and Indonesia. It has sought expressions of interest (EoIs) in this respect saying that it would like strategic partnerships for pursuing joint business initiatives in these countries.
Confirming this, a CIL official said that the company was looking for partnerships with major overseas stakeholders in mining, as carrying out tasks like exploration would be difficult in an overseas location. “We need someone with mining expertise and a property. We will add to that our own expertise and resources to set up a venture,” he said adding that the objective was to leverage core competencies of CIL for tapping overseas opportunities.
CIL is looking for tie-ups in the U.S. for accessing coking coal. In Australia too it is the coking coal reserves which attract CIL, while in South Africa, the reserves are of both coking and non-coking coal. In Indonesia, the opportunities lie in thermal coal. “CIL’s interest is in either an operational mine or even a greenfield project and the target product is metallurgical coal and high-grade thermal coal,” the official said.
Coal shortages, especially that of coking coal, have been chronic in India and according to the Minister of State for Coal Shriparakash Jaiswal, India’s coal consumption will reach 604.3 million tonnes in March 2010 leaving a shortfall of 70 million tonnes. Domestic coal production (of which CIL accounts for about 80 per cent) is estimated at 534 million tonnes by 2009-10.
However, given the fact that under the new coal distribution policy, CIL has been entrusted with the responsibility of meeting he country’s coal demand, if necessary through imports, Coal Videsh, the overseas investment arm of the PSU, sees overseas joint ventures as an avenue for augmenting CIL’s production.
It has set a goal of augmenting its production in this manner to the extent of 10 million tonnes by 2012 and by 50 million tonnes by 2020. CIL has already won the concession rights for two mine blocks in Mozambique and it is now in the process of forming a joint venture company to operationalise this venture. The two blocks together have one billion tonne reserve of coking and non-coking coal. It may also be mentioned here that CIL is also in the process of finalising its plans to sign up with overseas and domestic companies for tapping the reserves of mines which have been lying abandoned for various reasons for long.
Source: The Hindu
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Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
Thursday, 30 July 09
PNOC FORGES JOINT VENTURES AS STEPS UP COAL OPERATIONS
The Philippine National Oil Co.-Exploration Corp. has entered joint venture agreements with food and beverage conglomerate San Miguel and Filipinas ...
Thursday, 30 July 09
NAMANE OF SOUTH AFRICA IN SUDAN COAL DEAL, BUSINESS REPORT SAYS
Namane of South Africa in Sudan Coal Deal, Business Report Says
Namane Resources Ltd. of South Africa signed a coal-supply agreement with the Nat ...
Wednesday, 29 July 09
RP COAL DEMAND TO SURGE BY 2014 - PHILIPPINES UPDATE
CEBU, Philippines - With the entry of new coal-fired power generation plants in the Philippines, the Department of Energy (DOE) projected an increas ...
Wednesday, 29 July 09
INDIA HUNGRY FOR OUR COKING COAL ASSETS
The Australian reported that, INDIA is about to embark on a program of rapid coal sector acquisitions in Australia as it looks to plug a huge annual ...
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- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Xindia Steels Limited - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- White Energy Company Limited
- The University of Queensland
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
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