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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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Recent News

Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...


Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...


Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...


Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...


Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash. ArcelorMittal SA, the South A ...


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