COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...


Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...


Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...


Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...


Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...


   1265 1266 1267 1268 1269   
Showing 6331 to 6335 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Argus Media - Singapore
  • SUEK AG - Indonesia
  • Wood Mackenzie - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Altura Mining Limited, Indonesia
  • Samtan Co., Ltd - South Korea
  • APGENCO India
  • Thomson Reuters GRC
  • KPCL - India
  • Core Mineral Indonesia
  • Bank of China, Malaysia
  • Ministry of Transport, Egypt
  • Mercator Lines Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Japan Coal Energy Center
  • Rio Tinto Coal - Australia
  • Russian Coal LLC
  • Karaikal Port Pvt Ltd - India
  • Berau Coal - Indonesia
  • Lanco Infratech Ltd - India
  • Kobe Steel Ltd - Japan
  • Fearnleys - India
  • Mjunction Services Limited - India
  • Central Java Power - Indonesia
  • Petrosea - Indonesia
  • Sojitz Corporation - Japan
  • Barasentosa Lestari - Indonesia
  • South Luzon Thermal Energy Corporation
  • The India Cements Ltd
  • Bank of America
  • Minerals Council of Australia
  • The University of Queensland
  • International Coal Ventures Pvt Ltd - India
  • Oldendorff Carriers - Singapore
  • Siam City Cement PLC, Thailand
  • Sinarmas Energy and Mining - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Vale Mozambique
  • Bhoruka Overseas - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Bulk Trading Sa - Switzerland
  • Indo Tambangraya Megah - Indonesia
  • Indonesian Coal Mining Association
  • Coalindo Energy - Indonesia
  • Posco Energy - South Korea
  • Electricity Generating Authority of Thailand
  • J M Baxi & Co - India
  • Malco - India
  • globalCOAL - UK
  • ANZ Bank - Australia
  • Ernst & Young Pvt. Ltd.
  • Platou - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • ETA - Dubai
  • TeaM Sual Corporation - Philippines
  • Kobexindo Tractors - Indoneisa
  • Thai Mozambique Logistica
  • Humpuss - Indonesia
  • Deutsche Bank - India
  • India Bulls Power Limited - India
  • Indian Oil Corporation Limited
  • Renaissance Capital - South Africa
  • Attock Cement Pakistan Limited
  • LBH Netherlands Bv - Netherlands
  • TANGEDCO India
  • Dalmia Cement Bharat India
  • Bukit Makmur.PT - Indonesia
  • Anglo American - United Kingdom
  • Reliance Power - India
  • Coeclerici Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • IBC Asia (S) Pte Ltd
  • Georgia Ports Authority, United States
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Vedanta Resources Plc - India
  • CESC Limited - India
  • Barclays Capital - USA
  • Directorate General of MIneral and Coal - Indonesia
  • Vitol - Bahrain
  • Parliament of New Zealand
  • Glencore India Pvt. Ltd
  • Inco-Indonesia
  • Arutmin Indonesia
  • SRK Consulting
  • Geoservices-GeoAssay Lab
  • KPMG - USA
  • Kideco Jaya Agung - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Maersk Broker
  • Inspectorate - India
  • Cardiff University - UK
  • Shenhua Group - China
  • Goldman Sachs - Singapore
  • Gujarat Sidhee Cement - India
  • Therma Luzon, Inc, Philippines
  • Adaro Indonesia
  • MEC Coal - Indonesia
  • Parry Sugars Refinery, India
  • Shree Cement - India
  • Electricity Authority, New Zealand
  • Tanito Harum - Indonesia
  • Planning Commission, India
  • Kaltim Prima Coal - Indonesia
  • Global Business Power Corporation, Philippines
  • Mitsui
  • SN Aboitiz Power Inc, Philippines
  • IMC Shipping - Singapore
  • Baramulti Group, Indonesia
  • SMC Global Power, Philippines
  • Arch Coal - USA
  • KOWEPO - South Korea
  • Ministry of Finance - Indonesia
  • Mitsubishi Corporation
  • Toyota Tsusho Corporation, Japan
  • Rudhra Energy - India
  • TGV SRAAC LIMITED, India
  • Merrill Lynch Bank
  • Energy Link Ltd, New Zealand
  • Noble Europe Ltd - UK
  • Permata Bank - Indonesia
  • Riau Bara Harum - Indonesia
  • Commonwealth Bank - Australia
  • Indian School of Mines
  • Orica Australia Pty. Ltd.
  • White Energy Company Limited
  • NALCO India
  • Vizag Seaport Private Limited - India
  • Timah Investasi Mineral - Indoneisa
  • UBS Singapore
  • Gupta Coal India Ltd
  • Economic Council, Georgia
  • Iligan Light & Power Inc, Philippines
  • Thermax Limited - India
  • PLN Batubara - Indonesia
  • Coal and Oil Company - UAE
  • IHS Mccloskey Coal Group - USA
  • Mechel - Russia
  • Power Finance Corporation Ltd., India
  • Global Coal Blending Company Limited - Australia
  • Bhatia International Limited - India
  • Jaiprakash Power Ventures ltd
  • Neyveli Lignite Corporation Ltd, - India
  • Asmin Koalindo Tuhup - Indonesia
  • Merrill Lynch Commodities Europe
  • Runge Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Cigading International Bulk Terminal - Indonesia
  • Gresik Semen - Indonesia
  • Borneo Indobara - Indonesia
  • Tata Power - India
  • Coaltrans Conferences
  • Bahari Cakrawala Sebuku - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Alfred C Toepfer International GmbH - Germany
  • Marubeni Corporation - India
  • Pinang Coal Indonesia
  • Sarangani Energy Corporation, Philippines
  • BNP Paribas - Singapore
  • Tamil Nadu electricity Board
  • EIA - United States
  • Africa Commodities Group - South Africa
  • Panama Canal Authority
  • Intertek Mineral Services - Indonesia
  • Thriveni
  • Aditya Birla Group - India
  • Formosa Plastics Group - Taiwan
  • Maruti Cements - India
  • McKinsey & Co - India
  • Bayan Resources Tbk. - Indonesia
  • Uttam Galva Steels Limited - India
  • World Bank
  • SGS (Thailand) Limited
  • Central Electricity Authority - India
  • Makarim & Taira - Indonesia
  • Indogreen Group - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Clarksons - UK
  • ICICI Bank Limited - India
  • McConnell Dowell - Australia
  • Semirara Mining and Power Corporation, Philippines
  • Maybank - Singapore
  • CIMB Investment Bank - Malaysia
  • Bangkok Bank PCL
  • Heidelberg Cement - Germany
  • Cargill India Pvt Ltd
  • Karbindo Abesyapradhi - Indoneisa
  • Grasim Industreis Ltd - India
  • TRAFIGURA, South Korea
  • Aboitiz Power Corporation - Philippines
  • Coastal Gujarat Power Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Qatrana Cement - Jordan
  • Eastern Energy - Thailand
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bhushan Steel Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Indika Energy - Indonesia
  • MS Steel International - UAE
  • Manunggal Multi Energi - Indonesia
  • Sucofindo - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Australian Coal Association
  • GB Group - China
  • Standard Chartered Bank - UAE
  • PTC India Limited - India
  • New Zealand Coal & Carbon
  • SMG Consultants - Indonesia
  • RBS Sempra - UK
  • Eastern Coal Council - USA
  • AsiaOL BioFuels Corp., Philippines
  • Sakthi Sugars Limited - India
  • GHCL Limited - India
  • The State Trading Corporation of India Ltd
  • Adani Power Ltd - India
  • ING Bank NV - Singapore
  • Petron Corporation, Philippines
  • Madhucon Powers Ltd - India
  • CCIC - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Mitra SK Pvt Ltd - India
  • Kumho Petrochemical, South Korea
  • Globalindo Alam Lestari - Indonesia
  • Thiess Contractors Indonesia
  • IEA Clean Coal Centre - UK
  • Rashtriya Ispat Nigam Limited - India
  • Videocon Industries ltd - India
  • Simpson Spence & Young - Indonesia
  • Banpu Public Company Limited - Thailand
  • VISA Power Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Meralco Power Generation, Philippines
  • Larsen & Toubro Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Orica Mining Services - Indonesia
  • Cement Manufacturers Association - India
  • Wilmar Investment Holdings
  • Port Waratah Coal Services - Australia
  • SASOL - South Africa
  • Indorama - Singapore
  • World Coal - UK
  • Ministry of Mines - Canada
  • Malabar Cements Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • Credit Suisse - India
  • Pendopo Energi Batubara - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Cemex - Philippines
  • Savvy Resources Ltd - HongKong
  • Semirara Mining Corp, Philippines
  • Xstrata Coal
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Xindia Steels Limited - India
  • BRS Brokers - Singapore
  • Deloitte Consulting - India
  • Star Paper Mills Limited - India
  • Metalloyd Limited - United Kingdom
  • Coal Orbis AG
  • NTPC Limited - India
  • Latin American Coal - Colombia
  • GMR Energy Limited - India
  • Medco Energi Mining Internasional
  • Independent Power Producers Association of India
  • Gujarat Electricity Regulatory Commission - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Asia Cement - Taiwan
  • Mintek Dendrill Indonesia
  • Energy Development Corp, Philippines
  • Asian Development Bank
  • Singapore Mercantile Exchange
  • Freeport Indonesia
  • UOB Asia (HK) Ltd
  • Australian Commodity Traders Exchange
  • PetroVietnam Power Coal Import and Supply Company
  • EMO - The Netherlands
  • Samsung - South Korea
  • Cebu Energy, Philippines
  • Interocean Group of Companies - India
  • Chettinad Cement Corporation Ltd - India
  • Thailand Anthracite
  • Jatenergy - Australia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Jindal Steel & Power Ltd - India
  • Tata Chemicals Ltd - India
  • Platts
  • Cosco
  • Maharashtra Electricity Regulatory Commission - India
  • Coal India Limited
  • Indonesia Power. PT
  • TNPL - India
  • WorleyParsons
  • Agrawal Coal Company - India
  • Ind-Barath Power Infra Limited - India
  • PNOC Exploration Corporation - Philippines
  • Pipit Mutiara Jaya. PT, Indonesia
  • Peabody Energy - USA
  • Surastha Cement
  • PLN - Indonesia
  • DBS Bank - Singapore
  • Essar Steel Hazira Ltd - India
  • Romanian Commodities Exchange
  • OCBC - Singapore
  • HSBC - Hong Kong
  • European Bulk Services B.V. - Netherlands
  • Lafarge - France
  • Sindya Power Generating Company Private Ltd
  • San Jose City I Power Corp, Philippines
  • Infraline Energy - India
  • IOL Indonesia
  • Sical Logistics Limited - India
  • Mercuria Energy - Indonesia
  • U S Energy Resources
  • ACC Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Bharathi Cement Corporation - India
  • Leighton Contractors Pty Ltd - Australia
  • GNFC Limited - India
  • CoalTek, United States
  • Total Coal South Africa
  • Britmindo - Indonesia
  • JPower - Japan
  • Ince & co LLP
  • PowerSource Philippines DevCo
  • OPG Power Generation Pvt Ltd - India
  • ASAPP Information Group - India
  • Ambuja Cements Ltd - India
  • Bangladesh Power Developement Board
  • Antam Resourcindo - Indonesia
  • Price Waterhouse Coopers - Russia
  • bp singapore
  • Siam City Cement - Thailand
  • Kalimantan Lumbung Energi - Indonesia
  • Trasteel International SA, Italy
  • GVK Power & Infra Limited - India
  • Enel Italy
  • KEPCO - South Korea
  • Edison Trading Spa - Italy
  • JPMorgan - India
  • Straits Asia Resources Limited - Singapore
  • Indian Energy Exchange, India
  • The Treasury - Australian Government
  • Chamber of Mines of South Africa
  • Vijayanagar Sugar Pvt Ltd - India
  • Directorate Of Revenue Intelligence - India
  • Gujarat Mineral Development Corp Ltd - India
  • CNBM International Corporation - China
  • Idemitsu - Japan
  • PetroVietnam
  • Salva Resources Pvt Ltd - India
  • Carbofer General Trading SA - India
  • Moodys - Singapore
  • Meenaskhi Energy Private Limited - India
  • London Commodity Brokers - England