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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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Wednesday, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
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 coa ...
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- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- PTC India Limited - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
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