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Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee which has been set up by Coal India (CIL). This was in response to the global expressions of interest (EoIs) invited by CIL for striking alliances with overseas coal majors.
Eight proposals
During this week, companies including Peabody Energy, Massey Energy, First Coal, Murray Energy made their presentations this week while two companies Rio Tinto and Xtrata have sought time till the first week of January 2009, officials connected with the development said. “These proposals will now have to be analysed — it is a huge amount of information which will need processing,” sources said. Altogether about eight proposals have been received. The committee before which representatives of the companies made their proposals comprise five functional directors, two independent directors and the Chairman and Managing Director of the Central Mine Planning and Development Institute (CMPDIL), CIL’s design and consultancy subsidiary. Once the process of presentation and the subsequent evaluation is completed, the proposals based on some criteria will shape up and the entire matter will be put up before the board, officials said.
CIL had floated in September this year, global EoIs for striking strategic partnerships with coal companies in the U.S., Australia, Indonesia and South Africa. The companies which made their presentations were among those shortlisted from the 52 companies which had responded to the EoI.
One of the main objectives behind the CIL initiative is to enter into long-term sourcing contracts to import coal at prices which are lower than the international price from these joint ventures. India now imports about 59 million tonnes of thermal and coking coal annually to bridge the demand-supply gap.
Aside from trying to ramp up coal production by CIL, which now accounts for 85 per cent of the country’s output, several initiatives have been taken by the Government to increase the availability of coal. These include acquisition of coal assets by CIL as well as through International Coal Ventures, the joint venture of five public sector companies. However this would involve a gestation period.
Aim is to secure long-term sourcing contracts
Rio Tinto, Xtrata seek time till first week of Jan.
Source: The Hindu
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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
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- Formosa Plastics Group - Taiwan
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- Minerals Council of Australia
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
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- Sical Logistics Limited - India
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- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
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- CIMB Investment Bank - Malaysia
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- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
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- Globalindo Alam Lestari - Indonesia
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- GAC Shipping (India) Pvt Ltd
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- Electricity Authority, New Zealand
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- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Interocean Group of Companies - India
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- Kideco Jaya Agung - Indonesia
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- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
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- Latin American Coal - Colombia
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- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
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- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
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- Baramulti Group, Indonesia
- India Bulls Power Limited - India
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- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- The Treasury - Australian Government
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- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
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- Neyveli Lignite Corporation Ltd, - India
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- Therma Luzon, Inc, Philippines
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- Australian Commodity Traders Exchange
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- Power Finance Corporation Ltd., India
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- South Luzon Thermal Energy Corporation
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- Africa Commodities Group - South Africa
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- Independent Power Producers Association of India
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- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
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- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
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- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
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- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
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- Trasteel International SA, Italy
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- Australian Coal Association
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- Wood Mackenzie - Singapore
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- Indonesian Coal Mining Association
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- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
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- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
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