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Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
 Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided to set up a wholly-owned subsidiary in that country to expedite the exploration process.
“CIL will form a separate company for carrying out coal mining activities in Mozambique. This company will be a fully-owned subsidiary of CIL and will forge a joint venture (JV) with a state run mining firm in Mozambique,” a top CIL official told Business Standard.
The CIL subsidiary will have an 85 per cent stake in the JV, while the remaining 15 per cent will be held by the Mozambique-based mining company. The modalities of the JV company were yet to be decided, but a breakthrough was expected during the upcoming visit of a high-level Indian delegation to Mozambique. The delegation, which includes the Union coal ministry officials as well as the top brass of CIL, is expected to take up the issue of the proposed JV company to start exploration of the coal blocks.
In March this year, CIL was awarded two exploratory coal blocks — A1 and A2 — in Tete province of Mozambique, having an estimated reserve of one billion tonnes. While the exploration of these two coal blocks, spread over 224 sq km, was set to commence within a few months, the mining activities were expected to begin after three and a half years.
Prior to carrying out mining operations in Mozambique, the Navratna coal company was to distribute artificial limbs in that war-ravaged nation. CIL has also announced the setting up of a premier mining institute in Mozambique, on the lines of the Indian School of Mines, Dhanbad.
Apart from Mozambique, CIL had also stepped up its efforts to acquire stakes in coking and thermal coal assets in Australia. CIL has called for Expressions of Interest (EoIs) from mining firms in Australia in this connection by the end of August. The coal major was keen on entering into a strategic partnership with Australian mining firms having proven expertise in mining for developing the coal assets.
Source: Business Standard
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Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
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- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
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