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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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Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
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- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
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- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
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- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
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- Binh Thuan Hamico - Vietnam
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- Chamber of Mines of South Africa
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- Coal and Oil Company - UAE
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- Rio Tinto Coal - Australia
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- Ministry of Transport, Egypt
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- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
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- Karbindo Abesyapradhi - Indoneisa
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- Standard Chartered Bank - UAE
- Minerals Council of Australia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
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- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
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- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
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- Rashtriya Ispat Nigam Limited - India
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- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
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- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
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- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
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- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
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- Indonesian Coal Mining Association
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- Carbofer General Trading SA - India
- Wilmar Investment Holdings
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