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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, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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Showing 5991 to 5995 news of total 6871 |
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- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
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