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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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Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
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- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- SMC Global Power, Philippines
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
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