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Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received offers to buy properties of mining giants Rio Tinto and Hancock in Australia.
Sources close to the development said Rio Tinto and Hancock are considering selling stakes in some thermal coal assets to Coal India. Hancock and Rio are understood to be among a number of Australian miners that have submitted expressions of interest to sell stakes in mines and projects to CIL.
CIL officials refused to divulge details citing confidentiality issues. “We have had a good response from Australia — better than what we had expected,” an official said. Incidentally, CIL has been made a total of 54 offers for acquiring mining assets in Australia, United States, Indonesia and South Africa.
“A team led by coal minister Shriprakash Jaiswal and CIL chairman & MD Partha S Bhattacharyya, along with Coal Videsh officials, was in Australia last week to look for mining assets,” sources said. CIL is setting up an expert committee to evaluate offers for overseas assets, they added.
“There will be a seven-member committee comprising Coal Videsh and other officials. It will be formed in the next 2-3 days. It will submit the report by March. It is not very easy to identify 7-8 mines from 54 offers,” sources said.
Source: Times of India
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Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...
Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
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- Kaltim Prima Coal - Indonesia
- The University of Queensland
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- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
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- Parliament of New Zealand
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- India Bulls Power Limited - India
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- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
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- Bhoruka Overseas - Indonesia
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- Sindya Power Generating Company Private Ltd
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- Pipit Mutiara Jaya. PT, Indonesia
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- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Savvy Resources Ltd - HongKong
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- Bulk Trading Sa - Switzerland
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- The Treasury - Australian Government
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- Larsen & Toubro Limited - India
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- Central Electricity Authority - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
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- Power Finance Corporation Ltd., India
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- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
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- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
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- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
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- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
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- Planning Commission, India
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- Sarangani Energy Corporation, Philippines
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- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
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- Billiton Holdings Pty Ltd - Australia
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- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
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