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Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was made parallel to the company’s exercise to enter into strategic partnership with global majors through the tendering process.
A total of 52 companies from Australia, the US, South Africa and Indonesia had in September submitted expressions of interest to form a strategic alliance with CIL.
According to sources, CIL withdrew from the race for acquisition of the coal asset in Australia following the due diligence carried out in September-October. “The asset quality proved much below our expectations,” a source told Business Line.
On the inclusion of ‘strategic partner,’ the source said the evaluation of the EoIs had begun and the shortlisted companies would be invited to make presentations before CIL by end-November. The company has identified 45 of the 52 EoIs as ‘sound’.
According to him, the Indian coal major is interested in overseas partnerships in three broad areas — long-term agreement to import coal at a cheaper price than the existing landed cost of contracted coal; equity participation in producing assets to get coal on a cost-plus basis and; forming equity joint ventures with overseas majors.
The CIL Chairman, Partha S. Bhattacharyya, has previously said that the company is interested in investing anything between Rs 5,000-7,500 crore (US$ 1.068 - 1,601 Billion) through the strategic partners. The company has a free cash reserve of Rs 20,000 crore (US$ 4,271,430,418).
1 USD = 46.8227 INR
Source: Money Control
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Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Interocean Group of Companies - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
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