We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
 It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd but has yet to nominate the local entity which will partner the Indian state-run firm for prospecting and subsequent mining, the Cabinet was informed earlier this month.
According to government sources, CIL has to form a joint venture with a local partner who will be identified by that country's government for the concessions, identified as A1 and A2. CIL and its local partner will later have to shed 15% equity in the joint venture in favour of the Mozambique government, which cannot be brought down below 10%. Mozambique has also asked CIL to open an office in the national capital Maputo and train manpower.
For Block A1, CIL will make a refundable deposit of $2.1 million and pay $950,000 during the first five years of exploration phase and $15.25 million after five years during the mining phase. For Block A2, CIL will make a refundable deposit of $620,000, $330,000 in the exploration phase and over $5 million after five years.
CIL had won the blocks against nine other bidders. While one bid each from the UK and China were disqualified, there were three bids each from Portugal and Mozambique besides four from India. Block A1 covers an area of 109 sq km and Block A2 115 million. From preliminary studies, CIL reckons about 20% of the deposits to be coking coal and the remaining is expected to be good for using as fuel in power plants.
CIL is aiming to ensure a committed volume of around 20-30 million tonnes of coal from overseas which will be equal to about 50 million tonnes of domestic production. CIL has a cash pile of $6-7 billion. Since it can fund its future domestic expansion from internal accruals, it wants to use part of this reserve in getting equity in overseas mines.
CIL is also processing a plan for firming strategic partnerships with global majors and has shortlisted 12 firms, including Peabody of the US and Indonesia's Bumi. Some eight companies have made their presentations earlier this month. Four more are to make their proposals shortly.
One of the models that CIL is looking at could be that Coal India takes 10-15% equity in a producing mine or upto 25% in expanded capacity of an existing mine. In return, it will get captive right on a certain quantity of production. For CIL, such a partnership will ensure long-term volumes to bridge domestic supply gap and help it to cushion against price volatility.
The company had to import 59 million tonnes of coal when prices were at their peak of $60-65 per tonne of thermal coal. It will also help the company to achieve capacity targets quickly as expansion in India is hampered by the fact that most coal-bearing areas are inhabited and entail massive relief and rehabilitation of population.
Source: The Times of India
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed.
...
Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...
Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...
Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...
Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
|
|
|
Showing 6176 to 6180 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
|
| |
| |
|
