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Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
Peabody will transfer the mine to a special purpose vehicle or a company set up for a particular transaction in which it will hold up to 90%, with the Indian company owning the rest, a CIL official said. He spoke on conditions of anonymity as the transaction has not been closed.
CIL is eager to buy Wilkie Creek mine, located in the province of Queensland, as part of its drive to import coal. The company’s chairman, Partha S Bhattacharyya, has said he expects to strike a deal soon.
“The plan is to form a new company by Peabody to which the Wilkie Creek mine will be transferred. CIL will take 10-15% stake in this company at a price which is being negotiated,” the official said. Earlier, the CIL chairman had said the difference between the price offered by CIL and the price being asked by Peabody has narrowed considerably.
Reports suggest that the asking price had come down to $600-700 million from $1 billion earlier. If CIL acquires a 15% stake, it will have to pay close to $105 million. The Wilkie Creek mine is located in the Surat Basin in south-east Queensland and produces 2.35 million tonne of coal usable in power plants.
The coal extracted is exported to Japan, Taiwan and Korea to fire power plants in these countries. Peabody holds mining leases totalling 1,128 hectare in the area and the company’s expansion project seeks to convert additional areas to active mining leases. Brisbane, which is 250 km away, is the nearest port.
CIL is in talks with foreign coal firms Peabody of US, Massey Energy and Indonesian Sinarma , for possible partnerships that will see investment of about $2 billion (over `9,000 crore) in overseas ventures.
Source: Economic Times
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Tuesday, 04 January 11
BALI, INDONESIA HOST OF WORLD RENEWABLE ENERGY AND ENERGY EFFICIENCY CONFERENCE
Press Release - Indonesian Renewable Energy Society (METI – IRES) has launched the plan for organizing the international gathering ...
Tuesday, 04 January 11
DRY BULK MARKET TO RANGE BETWEEN 1,700 AND 2,600 POINTS IN THE FIRST QUARTER OF 2011, ANALYSTS SAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bul ...
Monday, 03 January 11
TAXATION FOR COAL MINING COMPANIES IN INDONESIA - A TAX EXPERTS VIEW
COALspot.com - Mrs. Sri Wahyuni Sujono, managing partner of SF Consulting has wrote an exclusive report regarding taxation for coal mining companies ...
Sunday, 02 January 11
JAISWAL TO SEEK COAL MINES IN AFRICA - HINDUSTAN TIMES
Coal Minister Sriprakash Jaiswal will talk with his counterparts in South Africa and Mozambique during his visit from January 5 to secure coal asset ...
Saturday, 01 January 11
COAL PRODUCTION EXPECTED TO EXCEED 340 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce 340 million tons of coal in 2011, an increase of 23 percent from 275 millio ...
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- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Australian Coal Association
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Planning Commission, India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
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