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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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Thursday, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...


Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...


Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...


Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...


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MINING LAW OPTIMIZES SECTOR
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