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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...
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...
Coal India shortlists miners in Australia, Indonesia, US; imports to continue for foreseeable future; domestic coal prices to rise, supply growth restricted Mumbai: State-run Coal India, the world’s largest coal miner, is moving swiftly towards signing strategic alliances to help fill India’s yawning coal supply-demand gulf, its director of marketing said on Wednesday. They would...
State-owned China Power Investment Corp., one of the country’s five main power generators, plans 2010 capital expenditure roughly similar to last year’s levels, a senior official with the company said Wednesday. The company’s coal imports will be higher this year, due partly to an agreement to import two million tons of Russian coal, but “capital...
Batubara Indonesia di Tahun 2010. Asosiasi Pertambangan Batubara Indonesia (APBI) memprediksi, produksi batubara akan mencapai 280 juta ton pada tahun depan. Ketua Umum APBI Bob Kamandanu mengatakan, jika realisasi produksi tersebut tercapai, maka akan melampaui target dari pemerintah sebesar 250 juta ton. ”Untuk 2010, produksi batubara bisa mencapai 280 juta ton, lebih tinggi dari target...
China was still suffering from coal shortage because of the lingering cold weather and electricity rationing continued in five provinces and municipalities, including the country’s major coal producer Shanxi Province. As of Sunday, coal reserves in 598 major power plants were decreasing and could sustain for nine days. Coal storages in 205 power plants could...
We will review the coal business in the year 2010. National coal production increase and expectations of rising demand in global markets makes the industry in this sector never lost interested. Not only local investors but also foreign. Indonesian Coal Mining Association (APBI) believed that the local coal production this year as a whole could...
Asia Coal Power in Indonesia Discusses New Mining Law, Coal and Power Sectors as Investments Pour into Coalmines to Secure Supplies. Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia’s coalmines to ensure security of supply through implementation of Indonesia’s new mining law. Tata Power, Meiya Power & top...
Over the last decade the Indonesian government, faced with at least a short to medium-term decline in domestic oil and gas production, has adopted a policy of attempting to diversify its domestic energy sources. In January 2004 the Indonesian government announced its National Coal Policy which aims to boost the development of coal-fired power stations...
The newly elected government in India needs around US$500 billion in infrastructure spending in the five years ending in fiscal year 2012. India is facing a shortage of about 25,000 Mw power during peak hours. There are plans to add close to 78,000 Mw of power during the current five-year plan. Some big Indian companies...