1. Direct offer from The coal mine Owner ( single owner ) 2. Mine location in Kutai Kartanegara , East kalimantan 3. Scale : 3700 ha , 2000 ha , 4183 ha , 4900 ha 4. Mines status : IUP Exploration 5. Deposit : Each mines , guaranteed deposit 10 million metric ton ( except...
GMR Infrastructure, the Bangalore-based developer of power plant, airports, roads and urban infrastructure, is understood to be closing in on its second coal mine acquisition in Indonesia. The mine is expected to cost close to $150 million and has reserves of close to 200 million tonne. In 2009, GMR had acquired Indonesian coal company PT...
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Event Profile India Coal 2010 is an international conference, which focuses on various activities in the Indian coal sector, such as supply, world trends, pricing, policy, import, logistics, equipment, technology and divestment. It will provide a perfect platform for industry players, academicians, researchers and decision makers from government from various countries in this field to...
Shanghai – China will be a net importer again as it shuts unsafe mines and the economy grows, Fang Junshi, the director general of NEA’ coal department, said in Beijing. Illustratively, China imported over 44.41 million metric tons in the first quarter, 230% greater compared with 2009 Q1. Regardless of the coal price increase, China...
Citic Resources Holdings Ltd. (1205.HK) said Wednesday its stake in Australian coal miner Macarthur Coal Ltd. (MCC.AU) remains a long- term investment for the company, despite the Australian government’s proposed new tax on the mining sector. “Australia’s proposed resources tax will have an impact on mining firms,” Chief Executive Sun Xinguo told reporters in Hong...
Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring a coal mine in Indonesia. The company, which presently imports small quantities of coal from Indonesia, is in the process of reducing its dependency on the Indian coal, which is high in ash content, a top company official said today....
Coal India Ltd is on the verge of closing a deal with US-based miner Peabody Energy that would give it a stake in four Australian coal mines along with other overseas assets. According to the ‘The Age’ report recently, the Indian company has said that it was in the advanced stages of negotiations for the...
The Essar Group on Thursday said it has agreed to acquire a 64-million tonne (mt) coal mine from an unnamed private company in Indonesia as part of its efforts to secure raw material supplies for its proposed thermal power projects in India. The Ruias-controlled Essar Group didn’t want to name the closely-held Indonesian company citing...
Coal India Ltd (CIL) plans to invest Rs 6,000 crore in foreign acquisitions this financial year and is currently evaluating 10 overseas proposals that include five proposals for equity infusion. The proposals cover mining assets in countries such as the US, Australia and Indonesia. “In addition to our capex plan of Rs 3,800 crore for...
Plans for a coal power plant in the Malaysian state of Sabah in northern Borneo have run into stiff opposition. Environmentalists say the coal plant could damage extensive coral reef systems, pollute water supplies, open rainforests to mining, and contribute to global climate change, undercutting Sabah’s image as a ‘green’ destination. The federal government contends...
PT Adaro Energy (ADRO.JK) Indonesia’s biggest coal producer by market value, said on Thursday that it has agreed to pay $350 million for a 25 percent stake in BHP Billiton’s (BLT.L)(BHP.AX) Maruwai coal project. BHP Billiton, the world’s biggest mining group, said on Wednesday that it had chosen Adaro as its local partner to help...