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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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Tuesday, 28 July 09
SHENZHEN ENERGY INKS COAL PURCHASE CONTRACT WITH CHINA SHENHUA
China Knowledge reported that, Shenzhen Energy Group Co Ltd has signed a five-year contract with China Shenhua Energy Co Ltd, which is engaged in th ...
Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
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- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
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- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
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- Energy Development Corp, Philippines
- Independent Power Producers Association of India
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- GAC Shipping (India) Pvt Ltd
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- Global Business Power Corporation, Philippines
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- Economic Council, Georgia
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- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
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- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
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- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
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- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
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- Mintek Dendrill Indonesia
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- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
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- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
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- Tata Chemicals Ltd - India
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- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
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- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
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- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
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- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Australian Coal Association
- PowerSource Philippines DevCo
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- Gujarat Electricity Regulatory Commission - India
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