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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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Monday, 12 October 09
SHANDUKA BUYS SACMH RICHARDS BAY COAL ALLOCATION
* Shanduka Coal takes SACMH 500,000T export space
* RBCT must approve any change of ownership
Reuters reported that, South Africa's Shanduka Co ...
Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
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- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
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- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
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- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
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- Ministry of Mines - Canada
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- Standard Chartered Bank - UAE
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- Romanian Commodities Exchange
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- Ceylon Electricity Board - Sri Lanka
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- VISA Power Limited - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
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- The University of Queensland
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
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- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
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- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
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- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
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- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
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- GMR Energy Limited - India
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- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
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- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
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- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
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- Thai Mozambique Logistica
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- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Economic Council, Georgia
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- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
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- Wilmar Investment Holdings
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- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
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- Commonwealth Bank - Australia
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- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
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- Bangladesh Power Developement Board
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- Indo Tambangraya Megah - Indonesia
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- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
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