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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, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...


Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...


Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
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Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday. Bambang Setiawan, the director general of mineral r ...


Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...


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