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Friday, 06 March 09
POWER FIRMS HEAD TO INDONESIA FOR COAL


The Hindu Businessline reported that, The enactment of a new, more liberal, mining legislation in Indonesia is drawing coal-starved Indian power utilities and coal firms to the island-nation in droves.

Coal India Ltd (CIL), through its joint venture with NTPC Ltd, Steel Authority of India Ltd (SAIL) and NMDC, as well as trading major PTC India Ltd, are among utilities that are firming up plans for picking up stakes in Indonesian coal blocks.

This comes in the wake of the new legislation, which proposes to open up a regime for foreign direct investment in coal mining in that country. Besides, Indian firms are hopeful of striking better valuations by taking advantage of the current slump in coal prices.

To read more click
The Hindu Businessline



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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
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Tuesday, 16 June 09
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Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...


Tuesday, 16 June 09
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Monday, 15 June 09
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Monday, 15 June 09
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China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...


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