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Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
 Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
"Coal India (LTD) has been asked to look at opportunities overseas.....from where coal can be brought and agreements made," Coal Minister Sriprakash Jaiswal told reporters on the sidelines of national consultation on MPLADS.
Coal India, and several other state-run companies are actively scouting for coal mines abroad to secure their raw material supply.
The government has also floated a special purpose vehicle, International Coal Ventures Ltd (ICVL), with Coal India NTPC, SAIL, among others, as members for acquiring coal mines abroad.
Last week, Coal India Ltd (CIL) had said that it was in talks with Indonesia's Sinar Mas Group for acquiring coal mines in that country.
Indonesian conglomerate Sinar Mas Group has interests in coal mining, logging and wood-pulp production and palm oil plantations.
Besides, the fourth-largest coal firm in the US, Massey Energy was also negotiating with CIL for sale of some of its assets.
The Indian coal miner, which has earmarked Rs 6,000 crore this fiscal for acquisition of coal mines abroad, is also in advanced talks to acquire a stake in the US-based Peabody Energy Corp's asset in Australia.
Peabody is believed to have offered the state-run coal major 10 per cent equity in one of their coal producing mines in Australia.
At present, the demand-supply gap of coal in the country is around 80 million tonnes, which is projected to double in the next few years.
The country had a coal output of about 532 million tonnes in the last fiscal with CIL producing 431.5 MT of this.
CIL accounts for over 85 per cent of the domestic production in the country.
The state-owned company saw coal production of 253.26 million tonnes by November 15 last month (of the current financial year) compared to 245.89 million tonnes in the corresponding period of previous fiscal.
It hopes to achieve 460.5 million tonnes production target for the current fiscal.
Source: Economic Times
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Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
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- London Commodity Brokers - England
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- SMG Consultants - Indonesia
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