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Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
 Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided to set up a wholly-owned subsidiary in that country to expedite the exploration process.
“CIL will form a separate company for carrying out coal mining activities in Mozambique. This company will be a fully-owned subsidiary of CIL and will forge a joint venture (JV) with a state run mining firm in Mozambique,” a top CIL official told Business Standard.
The CIL subsidiary will have an 85 per cent stake in the JV, while the remaining 15 per cent will be held by the Mozambique-based mining company. The modalities of the JV company were yet to be decided, but a breakthrough was expected during the upcoming visit of a high-level Indian delegation to Mozambique. The delegation, which includes the Union coal ministry officials as well as the top brass of CIL, is expected to take up the issue of the proposed JV company to start exploration of the coal blocks.
In March this year, CIL was awarded two exploratory coal blocks — A1 and A2 — in Tete province of Mozambique, having an estimated reserve of one billion tonnes. While the exploration of these two coal blocks, spread over 224 sq km, was set to commence within a few months, the mining activities were expected to begin after three and a half years.
Prior to carrying out mining operations in Mozambique, the Navratna coal company was to distribute artificial limbs in that war-ravaged nation. CIL has also announced the setting up of a premier mining institute in Mozambique, on the lines of the Indian School of Mines, Dhanbad.
Apart from Mozambique, CIL had also stepped up its efforts to acquire stakes in coking and thermal coal assets in Australia. CIL has called for Expressions of Interest (EoIs) from mining firms in Australia in this connection by the end of August. The coal major was keen on entering into a strategic partnership with Australian mining firms having proven expertise in mining for developing the coal assets.
Source: Business Standard
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Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- The Treasury - Australian Government
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
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