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Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
 Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee which has been set up by Coal India (CIL). This was in response to the global expressions of interest (EoIs) invited by CIL for striking alliances with overseas coal majors.
Eight proposals
During this week, companies including Peabody Energy, Massey Energy, First Coal, Murray Energy made their presentations this week while two companies Rio Tinto and Xtrata have sought time till the first week of January 2009, officials connected with the development said. “These proposals will now have to be analysed — it is a huge amount of information which will need processing,” sources said. Altogether about eight proposals have been received. The committee before which representatives of the companies made their proposals comprise five functional directors, two independent directors and the Chairman and Managing Director of the Central Mine Planning and Development Institute (CMPDIL), CIL’s design and consultancy subsidiary. Once the process of presentation and the subsequent evaluation is completed, the proposals based on some criteria will shape up and the entire matter will be put up before the board, officials said.
CIL had floated in September this year, global EoIs for striking strategic partnerships with coal companies in the U.S., Australia, Indonesia and South Africa. The companies which made their presentations were among those shortlisted from the 52 companies which had responded to the EoI.
One of the main objectives behind the CIL initiative is to enter into long-term sourcing contracts to import coal at prices which are lower than the international price from these joint ventures. India now imports about 59 million tonnes of thermal and coking coal annually to bridge the demand-supply gap.
Aside from trying to ramp up coal production by CIL, which now accounts for 85 per cent of the country’s output, several initiatives have been taken by the Government to increase the availability of coal. These include acquisition of coal assets by CIL as well as through International Coal Ventures, the joint venture of five public sector companies. However this would involve a gestation period.
Aim is to secure long-term sourcing contracts
Rio Tinto, Xtrata seek time till first week of Jan.
Source: The Hindu
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Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
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- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
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- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
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- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
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- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
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- Coal and Oil Company - UAE
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- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Planning Commission, India
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- Baramulti Group, Indonesia
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- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
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- Australian Coal Association
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- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
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- The University of Queensland
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
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- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Heidelberg Cement - Germany
- McConnell Dowell - Australia
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- VISA Power Limited - India
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- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
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- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
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- Indogreen Group - Indonesia
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- Independent Power Producers Association of India
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- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
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- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
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- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
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- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
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- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
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- Interocean Group of Companies - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
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- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
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- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
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- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
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