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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, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
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- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
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