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, 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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
|
|
|
Showing 6126 to 6130 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Australian Coal Association
- GMR Energy Limited - India
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
|
| |
| |
|
