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

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 ...


   1273 1274 1275 1276 1277   
Showing 6371 to 6375 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 ...

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