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Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS


Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to secure foreign coal blocks due to its alleged connection with Madhu Koda, the former Jharkhand chief minister charged with the Rs 4,000-crore scam.

CIL officials told FE that Jaguar was one of the 12 companies shortlisted from 52 respondent companies following an expression of interest floated by CIL in September. “CIL is considering joining hands with foreign coal mining companies for owning coal equity overseas either through equity joint ventures or asset-specific partnership.

According to the documents submitted, Jaguar has seven coal mines in Indonesia and produces above 1 million tonne a year. But later, CIL found the main signatory, Manoj Punamia, was among the persons involved in Koda’s scam and it immediately dropped the company from its list,” an official said. To read more Financial Express



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Recent News

Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link A 130-kilometre railway that will ease the transport of raw materials and finish ...


Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...


Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...


Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...


Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...


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