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Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS


Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures with 10 overseas mining companies to bring coal from abroad to plug the country's demand supply gap.

"The CIL board has given the go ahead to 10 proposals for strategic partnership or JVs with international mining companies," Coal India chairman Partha S Bhattacharyya told media here. "Our main objective is to make imported coal available in the country at a cheaper price," he said.

Refusing to name the companies, he said that they were from Australia, the US and Indonesia. Bhattacharyya said that CIL planned to bring 40 to 45 million tonne of coal from abroad through these strategic partnership or JV.

He said that some of the mines abroad were ready while some others would have to be developed and hoped to bring coal from these ventures from the next fiscal.

The coal major, he said, was exploring three different business models, entering into long-term coal supply pacts, going for outright purchase of mining assets or operating mines jointly with owners.
Source: Economic Times



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Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...


Thursday, 25 February 10
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Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...


Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...


Tuesday, 23 February 10
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