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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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Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
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- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
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- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
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- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- The University of Queensland
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
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