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Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coal India for global coal mine buy
Reuters reported that, State-owned Coal India Ltd aims to conclude a deal to buy an overseas mine by March and plans to float its first-ever coal import tender in November to meet surging demand from power sector, company officials said on Monday.
While India has the world's fourth-largest coal reserves, its coal imports have grown rapidly as Asia's third-largest power producer seeks to add power capacities to end blackouts.
Coal India aims to debut as a coal importer in November by issuing a tender for 4 million tonnes, with shipments to arrive from January, technical director N.C. Jha told reporters at an industry conference. Jha said the firm aimed to increase coal output by nearly 8 percent to 435 million tonnes in 2009/10 (April-March).
He said India was likely to import a total of 60 million tonnes of coal in 2009/10, up from 57 million tonnes last year.
India's biggest coal miner has plans to partner with global players to buy stakes in overseas coal mines.
Chairman Partha Bhattacharyya hopes to conclude an overseas acquisition deal this fiscal ending March. "Something will happen this (fiscal) year," he said without elaborating further.
Coal India has appointed 10 bankers to advise it on overseas buy-outs, with Royal Bank of Canada conducting due diligence for an Australian coal property, he said.
In July, Coal India had sought bids from global players to form strategic partnership for jointly acquiring coal assets in Australia, U.S., South Africa and Indonesia.
Coal India was looking at 45 out of 52 responses, he said, adding the firm's agenda was to bring back coal to India at a price that better than import prices.
Bhattacharyya said 10 firms, including steel major ArcelorMittal (ISPA.AS), were keen to develop its 18 abandoned coal mines in eastern India, which have reserves of 1.6 billion tonnes.
"We hope to sign a contract for one or two of these blocks this (fiscal) year so that production can come from 2013/14," he added.
The share of coal-fired plants in India's total installed power generation capacity will rise to 57 percent by March 2012 from the current 53.3 percent, a PricewaterhouseCoopers report said on Monday.
Source: Reuters
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Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
Thursday, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
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- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
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- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
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