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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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Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
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Showing 5936 to 5940 news of total 6871 |
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- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- PTC India Limited - India
- The University of Queensland
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Planning Commission, India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
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