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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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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- PTC India Limited - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
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