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Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a net importer in 2009 for the first time, said a JPMorgan report.
Under the circumstance, domestic companies began seeking investment opportunities in the overseas coal market in order to ensure domestic supplies.
On October 27, China Investment Corp. announced it would invest 500 million US dollars in Canada-based SouthGobi Energy Resources through the purchase of its 30-year convertible bonds. If China Investment Corp. were to convert all the bonds, it would acquire 22 percent equity of SouthGobi.
SouthGobi mainly explores for power coal resources in Mongolia and sells to China's Gansu province. The cooperation between China Investment Corp. and SouthGobi conjoins the two Gansu's power coal market.
Similarly, Huaneng Group, one of China's five power giants, also announced this July that it planned to acquire 51 percent equity of PT. Berau Coal, Indonesia's fifth largest coal producer, to guarantee its own coal supply to domestic power plants.
In fact, quite a few domestic power producers have shown overseas acquisition interests. Although overseas acquisitions are difficult, they still provide a way to maintain steady coal imports, noted an insider with Huaneng Group.
Source: China Mining
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Australian Coal Association
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- The University of Queensland
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
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