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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

Monday, 14 December 09
SOUTH AFRICAN STEAM COAL PRICES FIRMING UP FOR Q1 TRADE
Reuters reported that Q1 South African coal prices firmed again slightly largely on Asian demand but European delivered prices were little changed. ...


Sunday, 13 December 09
THE FREIGHT MARKET SEEMS TO BE COMING OFF A BIT AND THE MARKET MAY BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com (Singapore): "The market softened this week especially in the Cape and Panamax segment , where as the Supramax and Handy size was ...


Sunday, 13 December 09
NAPOCOR CUTS COAL IMPORT PROJECTION FOR 2010
STATE-RUN National Power Corp. slashed its planned coal importation for 2010 to only 200,000 metric tons from 3.4 million MT this year, as the gover ...


Sunday, 13 December 09
CHINESE BUYERS SEEK LARGE TONNAGE OF SOUTH AFRICA STEAM COAL
Reuters reported that Chinese utilities on the coast and inland are seeking several cape cargoes each of South African coal for 2010 delivery becaus ...


Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...


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