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Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The coal majors are Rio Tinto and US coal producer, Peabody Energy.
The Union coal minister, Sri Prakash Jaiswal said, “The CEO had come from the US for a meeting on Tuesday and an Indian delegations will fly to there by May-end for further negotiations.”
DNA Money was the first to break the story that CIL has hired RBS and other bankers for evaluating the coal companies.
Jaiswal added, “The deal has to meet our expectations. We want to bring in the latest technology, increase coal production, latest mining equipment and coal property purchase.”
The minister further said that CIL would be taken to the capital market in August-September and he expects it to be the biggest disinvestment from the government’s table.
The coal ministry is expecting a gap of 70 million tonnes, which it expects to import in the 12th five-year plan.
For the 11th Plan, the Planning Commission had a requirement of 604 million tonne, of which, CIL is able to produce 534 million tonne. The coal production for this year is up by 8%.
The minister also said that coal mining licenses, for all those companies who have not started mining in allotted mines, would be revoked.
Jaiswal said, “We have allocated 208 coal blocks in last three-four years and only 25 have been developed as per our survey. We had given it to private players thinking they would start mining fast, which is not the case. They are showing mines as property, so we have issued notices and are awaiting their responses. We will cancel the mine allocations if we find the reasons unjustified and false.”
Source: DNA ( By Pooja Sarkar & Shubhashish / DNA)
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Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- MS Steel International - UAE
- Petron Corporation, Philippines
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
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