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Monday, 06 April 09
INDIA'S OSWAL CHEM EYES INDONESIAN COAL MINES -ECONOMICTIMES


Oswal Chemicals and Fertilisers (OCFL), part of Abhay Oswal-led Oswal group, has initiated talks with three separate Indonesian coal  firms to acquire thermal coal reserves for captive and commercial use, said a person who is mediating the deal. Thermal coal is used for generating power and making fertilisers.

Although the Indian firm has been offered six thermal coal mines in Indonesia with reserves ranging from 25-260 million tonne, it’s keen to buy mines having reserves of around 100 million tonne. The deal, if successful, could cost the company anywhere between $30 million and $50 million (Rs 150-250 crore).

Australia-based consulting firm Hindustan Global Resources (HGR), which is also engaged in exploration and mining business, is negotiating on behalf of the Indonesian firms. Once the deal is finalised, HGR will provide the mining equipment besides exploring and developing coal mines for OCFL.  To read more click
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Recent News

Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...


Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...


Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58 * Initially about 5 mln T offered for tender Reuters reported that,  Korea South ...


Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...


Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...


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