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Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES


The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identified by the company in Indonesia and Mozambique.

"We will appoint merchant bankers to do the due diligence for Indonesia and Mozambique coal mines that we identified," NTPC Chairman and Managing Director R S Sharma told reporters.

"The coal mines would be acquired by the company and not by the consortium -- International Coal Ventures Limited -- formed by five PSUs for this purpose", he added.

International Coal Ventures Ltd was formed by five public sector companies to acquire coal blocks overseas. These five companies are Steel Authority of India, NTPC, Rashtriya Ispat Nigam, National Mineral Development Corporation and Coal India.

Source: The Hindu



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Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...


Wednesday, 05 August 09
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The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...


Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...


Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
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Saturday, 01 August 09
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