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Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
 India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indonesia — for striking either strategic alliances or for entering into joint ventures for procuring coal from foreign mining assets and companies. A final selection is likely to be made in the next 2-3 months.
“We have outlined three categories for each countries and have shortlisted two firms for each category for any particular country. The categories are companies with which we will enter into long-term agreement for sourcing coal without taking any stakes in those companies. The second category will be companies in which CIL will acquire stakes so that it is easier to procure coal at competitive prices, and the third will be greenfield ventures in joint venture with foreign firms,” said NC Jha, director technical, CIL.
He was talking to reporters on the sidelines of foundation stone laying ceremony of CIL’s new office complex at Rajarhat in Kolkata. Envisaged to be a 2.69-lakh sq ft, over a 15-acre plot, the new headquarters that will also house all subsidiary offices, which are presently scattered at various locations in Kolkata, is likely to be completed in about two-and-half years and is being constructed by NBCC at an investment of Rs 126 crore.
The present headquarters at 10 Netaji Subash Road will later be transformed into a museum showcasing 200 years of coal mining in India.
Incidentally, the Coal India board has shot down the management’s proposal to enter into long term contract with foreign companies for procuring coal without entering into any sort of JV.
Following a global expressions of interest, as many as 52 had expressed their intention in venturing with CIL. The coal major later shortlisted 35 out of this 52 following a preliminary screening. The latest set of 24 were arrived at after all these entities made presentations on their proposals to the CIL board.
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“Foreign coal majors like Peabody Energy, Massey Energy Company, Murray Energy Corporation, ExStrata, Rio Tinto as well as Hancock Mining had shown interest in entering into joint venture with Coal India (CIL) for extracting coal from foreign mining assets”
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Foreign coal majors like Peabody Energy, Massey Energy Company, Murray Energy Corporation, ExStrata, Rio Tinto as well as Hancock Mining had shown interest in entering into joint venture with Coal India (CIL) for extracting coal from foreign mining assets.
The coal ministry is confident of putting in place the Coal Regulator by March 15, 2010, indicated Sriprakash Jaiswal, minister of state for coal, statistics and programme implementation, in Kolkata on Monday. He was here to lay the foundation stone of Coal India’s new headquarters at Rajarhat.
The proposal for a Coal Regulator will require the Coal Governance & Regulation Authority Bill to be passed by the Cabinet and subsequently by the Parliament before March 15 if a regulator needs to be in place by that time.
The coal ministry in its ‘Result Framework Document’ for the current financial - has targeted setting up the Coal Regulator by March 15, 2010. The Prime Minister’s office has introduced a ‘Performance Monitoring and Evaluation System (PMES)’ for Government Departments”. Under PMES, each department is required to prepare a Results-Framework Document (RFD).
A RFD provides a summary of the most important results that a department/ministry expects to achieve during the financial year. This document has two main purposes: move the focus of the department from process-orientation to results-orientation, and provide an objective and fair basis to evaluate the department’s overall performance at the end of the year.
Interestingly, it is believed that establishment of a Coal Regulator will break the Coal India’s monopoly and the ministry has recently completed groundwork for the initiative. It is learnt that the draft note for setting up the coal regulator has been prepared and has been forwarded to the law ministry for its comments. The coal ministry had earlier invited their views on the same which has been incorporated in the notes.
SOURCE: ECONOMIC TIMES
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Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
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Showing 5916 to 5920 news of total 6871 |
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- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Australian Coal Association
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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