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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 secure foreign coal blocks due to its alleged connection with Madhu Koda, the former Jharkhand chief minister charged with the Rs 4,000-crore scam.

CIL officials told FE that Jaguar was one of the 12 companies shortlisted from 52 respondent companies following an expression of interest floated by CIL in September. “CIL is considering joining hands with foreign coal mining companies for owning coal equity overseas either through equity joint ventures or asset-specific partnership.

According to the documents submitted, Jaguar has seven coal mines in Indonesia and produces above 1 million tonne a year. But later, CIL found the main signatory, Manoj Punamia, was among the persons involved in Koda’s scam and it immediately dropped the company from its list,” an official said. To read more Financial Express



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Recent News

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
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 ...


Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...


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