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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, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
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- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
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