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Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
 State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dry fuel in the domestic market, would negotiate with a few global mining majors including Rio Tinto in January 2010.
CIL has already held talks with some global mining players this month for a strategic alliance and would negotiate with a few more mining giants including Rio Tinto in January, said a source close to the development.
The nature of the strategic partnership with the global mining players would depend on the final outcome of the talks. CIL was open to picking up equity in the foreign mines or operate those mines jointly with the owners.
When contacted by Business Standard, a top CIL official said, “CIL has received a very good response to its global expressions of interest from the global mining players. We would negotiate with a couple of these firms in January.”
He, however, refused to divulge the names of these players. CIL is understood to have started negotiations with a few international coal miners like Peabody Energy (Australia), Massey Energy (USA) and Murray Energy, also based out of USA. These mining companies had given presentations to CIL.
The domestic coal major invited Expressions of Interest (EOI) from global mining firms in July this year for selection of strategic business partners in Australia, US, Indonesia and South Africa for undertaking joint business initiatives in coal mining.
As many as 52 global mining firms had evinced interest in forging a partnership and 12 of them were shortlisted by CIL. Coal India had also constituted a high-level committee to work out the modalities of the tie-up with these overseas coal firms.
Sources said, CIL aimed to seal the deal with a couple of these mining firms before the end of this fiscal.
CIL with a cash reserve of around Rs 30,000 crore was looking to expand overseas by forging partnerships with global mining giants.
It may be noted that in March this year, CIL was awarded two exploratory coal blocks- A1 and A2 in Tete province of Mozambique having an estimated reserve of one billon tonnes.
CIL is in negotiations with the Mozambique government for carrying out exploration work on the two coal blocks.
The mining activity on these two coal blocks, spread over 224 sq km, was set to commence after three years.
CIL has also formed a special purpose vehicle called International Coal Ventures Limited (ICVL) with four other state run firms- NTPC, SAIL, NMDC and RINL for acquisition of overseas coal assets.
The race for acquisition of overseas coal assets was gaining momentum in view of the burgeoning coal demand in India.
The domestic coal demand was projected at 730 million tonnes (mt) by 2011-12 but domestic coal production was pegged at 520 mt by then, thereby creating a shortfall of over 200 mt.
Source: Business-Standard
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Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
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- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- White Energy Company Limited
- Tamil Nadu electricity Board
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Petron Corporation, Philippines
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
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