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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, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
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Showing 5966 to 5970 news of total 6871 |
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- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- The Treasury - Australian Government
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- The University of Queensland
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
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