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Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS


Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures with 10 overseas mining companies to bring coal from abroad to plug the country's demand supply gap.

"The CIL board has given the go ahead to 10 proposals for strategic partnership or JVs with international mining companies," Coal India chairman Partha S Bhattacharyya told media here. "Our main objective is to make imported coal available in the country at a cheaper price," he said.

Refusing to name the companies, he said that they were from Australia, the US and Indonesia. Bhattacharyya said that CIL planned to bring 40 to 45 million tonne of coal from abroad through these strategic partnership or JV.

He said that some of the mines abroad were ready while some others would have to be developed and hoped to bring coal from these ventures from the next fiscal.

The coal major, he said, was exploring three different business models, entering into long-term coal supply pacts, going for outright purchase of mining assets or operating mines jointly with owners.
Source: Economic Times



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Recent News

Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...


Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010- COALspot.com (Press Release): China plans to increase coal import significantly ...


Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn Live Mint reported that, State-run power utility NTPC Ltd is in ta ...


Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead The coal from the Indonesian mine would provide raw material to the group's power projects The Aries coal mines acquired by the gro ...


Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...


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