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Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad or overseas joint ventures.
The Cabinet Committee on Economic Affairs (CCEA) authorised an Empowered Committee of Secretaries (ECS) to look into Coal India's proposal to import coking coal for meeting domestic demand.
The ECS had been constituted earlier to consider proposals by International Coal Ventures, a special purpose vehicle set up jointly by five state-owned companies - Steel Authority of India, Rashtriya Ispat Nigam, power utility NTPC, National Mineral Development Corp and Coal India - for acquiring coal properties abroad.
"Since India does not have enough reserves of metallurgical and high grade coal to meet the projected gap between demand and supply, efforts are being made to secure resources abroad from where long term supply of coal at reasonable prices could be assured," the coal ministry said in a statement Thursday.
India's demand for coal has outpaced supply from indigenous sources, and is expected to increase to about 731 million tonnes by 2011-12 from 474 million tonnes, it said.
As a short-term strategy for immediate returns, Coal India aims to establish joint ventures or equity participation with companies engaged in mining meteorological coal and/or low ash thermal coal.
Over the medium term, it would explore equity participation in greenfield projects while over the long term Coal India plans to acquire or lease coal blocks.
Incidentally, Mozambique, in southeastern Africa, has awarded two coal blocks to the company for carrying out exploration and future mine development.
Source: Pro Kerala
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Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
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- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- The University of Queensland
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
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