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Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES


The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identified by the company in Indonesia and Mozambique.

"We will appoint merchant bankers to do the due diligence for Indonesia and Mozambique coal mines that we identified," NTPC Chairman and Managing Director R S Sharma told reporters.

"The coal mines would be acquired by the company and not by the consortium -- International Coal Ventures Limited -- formed by five PSUs for this purpose", he added.

International Coal Ventures Ltd was formed by five public sector companies to acquire coal blocks overseas. These five companies are Steel Authority of India, NTPC, Rashtriya Ispat Nigam, National Mineral Development Corporation and Coal India.

Source: The Hindu



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Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...


Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...


Friday, 13 March 09
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Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...


Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...


Thursday, 12 March 09
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