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Tuesday, 13 October 09
INDIA INTERESTED IN AMERICAN COAL

UPI reported that, Coal India Ltd. in its global expansion efforts is now interested in coal properties in the United States.

The Business Standard reported Saturday that CIL's interest in U.S. energy assets follows its activities in acquiring coal sites in Indonesia and Australia and after the company established a fully owned subsidiary in Mozambique for exploration of two coal concessions.

CIL Chairman Partha S. Bhattacharyya commented, "We are negotiating with US coal mining firms. They have responded to our global expressions of interest. The modalities for the partnership are yet to be finalized. CIL may either go for outright purchase of operational coal mines or pick up certain equity in U.S. mining properties.

" While Bhattacharyya declined to provide figures for CIL's import targets, sources speaking off the record remarked that the company aimed to import around 50 million tons of coal annually from various overseas locations by 2016-17 and that consequently CIL had established a $1 billion to 1.5 billion investment fund for purchasing overseas coal assets.
Source: UPI



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Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...


Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...


Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...


Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
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Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...


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