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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

Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...


Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...


Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG,  the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...


Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...


Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...


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