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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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- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- The University of Queensland
- PTC India Limited - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Planning Commission, India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
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