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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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Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...
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- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- PTC India Limited - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- VISA Power Limited - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- White Energy Company Limited
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
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