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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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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
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- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
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