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Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/Sinarma, for a possible partnership to take forward the about USD 2 billion (over Rs 9,000 crore) overseas ventures.
The world's largest coal producer will soon start due diligence at five mining assets of the global firms, spread across Australia, Indonesia and the United States.
CIL chairman Partha S Bhattacharyya had already named Peabody Energy as one of the shortlisted firms, out of the 59 proposals it received from global firms for its Expression of Interest. The navratna firm is currently considering equity buyouts and joint venture mining with these firms.
"A team of two CIL officials will undertake due diligence of mining assets of the Massey Energy Company in US, Peabody Energy in Australia, and Novem/Sinarma in Indonesia. They are expected to leave shortly," a senior Coal Ministry official told PTI.
The team is expected to visit Peabody Energy's Metropolitan Under Ground Mine and Wilkie Creek Mine in Australia; Novem/Sinarma's Borneo Inclobana and G 3 mines in Indonesia and Massey Energy Company's Sidney Underground Mines in the US.
CIL will finalise "at least" one deal in the next few months, the official said.
"CIL has already appointed merchant bankers and technical consultants for the proposed JV projects," another official in the know of the development said. CIL, which is sitting on a cash pile of over Rs 30,000 crore (US$ 6.629 billion), does not need to raise funds for its growth projects. (1 INR = 0.0220994 USD). To Read More Economic Times
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Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimanta ...
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- PTC India Limited - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- McConnell Dowell - Australia
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
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