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Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
 India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indonesia — for striking either strategic alliances or for entering into joint ventures for procuring coal from foreign mining assets and companies. A final selection is likely to be made in the next 2-3 months.
“We have outlined three categories for each countries and have shortlisted two firms for each category for any particular country. The categories are companies with which we will enter into long-term agreement for sourcing coal without taking any stakes in those companies. The second category will be companies in which CIL will acquire stakes so that it is easier to procure coal at competitive prices, and the third will be greenfield ventures in joint venture with foreign firms,” said NC Jha, director technical, CIL.
He was talking to reporters on the sidelines of foundation stone laying ceremony of CIL’s new office complex at Rajarhat in Kolkata. Envisaged to be a 2.69-lakh sq ft, over a 15-acre plot, the new headquarters that will also house all subsidiary offices, which are presently scattered at various locations in Kolkata, is likely to be completed in about two-and-half years and is being constructed by NBCC at an investment of Rs 126 crore.
The present headquarters at 10 Netaji Subash Road will later be transformed into a museum showcasing 200 years of coal mining in India.
Incidentally, the Coal India board has shot down the management’s proposal to enter into long term contract with foreign companies for procuring coal without entering into any sort of JV.
Following a global expressions of interest, as many as 52 had expressed their intention in venturing with CIL. The coal major later shortlisted 35 out of this 52 following a preliminary screening. The latest set of 24 were arrived at after all these entities made presentations on their proposals to the CIL board.
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“Foreign coal majors like Peabody Energy, Massey Energy Company, Murray Energy Corporation, ExStrata, Rio Tinto as well as Hancock Mining had shown interest in entering into joint venture with Coal India (CIL) for extracting coal from foreign mining assets”
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Foreign coal majors like Peabody Energy, Massey Energy Company, Murray Energy Corporation, ExStrata, Rio Tinto as well as Hancock Mining had shown interest in entering into joint venture with Coal India (CIL) for extracting coal from foreign mining assets.
The coal ministry is confident of putting in place the Coal Regulator by March 15, 2010, indicated Sriprakash Jaiswal, minister of state for coal, statistics and programme implementation, in Kolkata on Monday. He was here to lay the foundation stone of Coal India’s new headquarters at Rajarhat.
The proposal for a Coal Regulator will require the Coal Governance & Regulation Authority Bill to be passed by the Cabinet and subsequently by the Parliament before March 15 if a regulator needs to be in place by that time.
The coal ministry in its ‘Result Framework Document’ for the current financial - has targeted setting up the Coal Regulator by March 15, 2010. The Prime Minister’s office has introduced a ‘Performance Monitoring and Evaluation System (PMES)’ for Government Departments”. Under PMES, each department is required to prepare a Results-Framework Document (RFD).
A RFD provides a summary of the most important results that a department/ministry expects to achieve during the financial year. This document has two main purposes: move the focus of the department from process-orientation to results-orientation, and provide an objective and fair basis to evaluate the department’s overall performance at the end of the year.
Interestingly, it is believed that establishment of a Coal Regulator will break the Coal India’s monopoly and the ministry has recently completed groundwork for the initiative. It is learnt that the draft note for setting up the coal regulator has been prepared and has been forwarded to the law ministry for its comments. The coal ministry had earlier invited their views on the same which has been incorporated in the notes.
SOURCE: ECONOMIC TIMES
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Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
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Showing 5996 to 6000 news of total 6871 |
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- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- The University of Queensland
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
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