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Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with Steel Authority of India, Coal India Ltd, Rashtriya Ispat Nigam Ltd and NMDC Ltd.
The joint venture has resulted in the incorporation of a company, International Coal Ventures Private Limited, on May 20, 2009. The announcement regarding the same was made by NTPC on 21st May 2009.
In the shares of International Coal Ventures Pvt Ltd, the ratio of equity sharing holding would be 2:2:1:1:1, between SAIL, CIL, RINL, NMDC and NTPC, respectively. The main aim behind the incorporation of the new company is to carry on business for overseas acquisition.
Along with that, the new identity will also be involved in operation of coal mines or blocks and/or Companies for securing coking and thermal coal supplies.
Source: India Server
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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Energy Link Ltd, New Zealand
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- SMC Global Power, Philippines
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- PTC India Limited - India
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- TeaM Sual Corporation - Philippines
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- Coal and Oil Company - UAE
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