cil eyes stake in indonesian coal assets

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CIL to invest Rs 6,000 cr on foreign M&As - Indian Express

State-owned Coal India Ltd (CIL) has built a war chest of Rs 6,000 crore for foreign acquisitions this fiscal and is currently evaluating five mining assets in countries such as the US, Australia and Indonesia "In addition to our capex plan of Rs 3,800 crore for 2010-11, we have earmarked Rs 6,000 crore for foreign acquisitions this fiscal...

India's Thirst for Energy - Asia Sentinel

looking at acquiring coal assets abroad, having earmarked nearly US$4 billion for the purpose The company is studying options in Mozambique, Botswana, South Africa, Australia, America, Russia, Indonesia and Mongolia "We are looking at picking up stake in two coal mines in Indonesia – East Kalimantan and Sumatra," NTPC Chairman R S Sharma...

Foreign companies that have their hands (or eyes) on ,

CIL (Coal India Ltd) (India) has short-listed 24 foreign firms as potential partners in sourcing overseas coal, including from Indonesia (WC 4/10) Essar Steel (India, and UK-registered) owns a flat steel products plant in West Hava and holds 35% domestic market share in Indonesia (Essar corporate website, 22/7/2010)...

CIL eyes stakes in Australian coal assets - msn

CIL eyes stakes in Australian coal assets Express News Service , CIL said it has identified coal assets in Australia for acquiring equity stakes along with offtake rights in an asset or a company...

Turning point for coal? Japanese trading firms snap up ,

Fukuda said Mitsui also had its eyes on other assets, without elaborating Coal prices soared from around $50 to over $200 a ton between 2005 and 2008, making mining assets expensive...

CIL board clears stake acquisition in unlisted overseas ,

CIL had also sought to sidestep the rule that only the mines of listed companies should be acquired, which was permitted by the Finance Ministry The world’s largest coal miner has zeroed in on three unlisted overseas coal assets for acquisition...

Coal India eyes mine acquisitions in Indonesia | Companies ,

"Coal India is examining four to five proposals and they all are in Indonesia," according to Coal Ministry sourc The sources, however, refused to give a timeline as to when they are likely to be finalised Coal India in September had said that it invited an expression of interest inviting global companies to offer overseas assets "In ....

CIL may buy 15% stake in Peabody's Australia assets for $100mn

Oct 29, 2011· Coal India Ltd, the world's largest coal producer, may buy up to a 15 per cent stake in US-based Peabody Energy Corp's Australian assets early next fiscal for ,...

Indonesian coal News and Updates from The Economic Times ,

State-owned Coal India (CIL) is in advanced stages of talks to acquire about 30 per cent stake in an Indonesian coal asset Ruias to buy Indonesian coal mine for $208 mn 26 Mar, 2010, 0216AM IST , Oswal Chem eyes Indonesian coal cos 6 Apr, 2009, 1242AM IST...

CIL in advanced talks to buy 30pc stake in Indonesian coal ,

Jul 25, 2011· NEW DELHI: State-owned Coal India is in advanced stages of talks to acquire about 30 per cent stake in an Indonesian coal asset"About 30 per cent," CIL Chairman N C Jha told reporters here when asked how much stake CIL was looking to buy in a coal asset in Indonesia...

Tata Power lowers Indonesian coal miner stake price ,

Nov 30, 2016· Tata Power, a part of the $109 billion Tata Group, had in 2007 bought 30% stake in two Indonesian thermal coal producers -- Kaltim Prima Coal and PT Arutmin Indonesia and a related trading company ....

CIL board clears stake acquisition in unlisted overseas ,

CIL had also sought to sidestep the rule that only the mines of listed companies should be acquired, which was permitted by the Finance Ministry The world’s largest coal miner has zeroed in on three unlisted overseas coal assets for acquisition...

News Roundup: Coal India Eyes Rs 6,000 Cr From Stake Sale

Aug 13, 2009· Coal India Eyes Rs 6,000 Cr From Stake Sale - Coal India Ltd (CIL), which is actively pursuing the issue of disinvestment with the Centre, aims to raise Rs 6,000 crore through a stake sell of 10% The coal major expects the disinvestment process to be finalised within a year...

CIL may form subsidiary for buying coal assets in S ,

Mar 12, 2018· State-run Coal India (CIL) is likely to set up a subsidiary for buying coal assets in South Africa, as part of efforts to boost its output The government of Limpopo, the ,...

Tata Eyes Coal Assets Freed By Global Fracking Boom

Tata Eyes Coal Assets Freed By Global Fracking Boom India’s second- largest generator, is seeking coal assets in the US, Canada and Colombia as prices of the fuel drop amid surging shale gas supplies in North America Initial purchase talks are on for several mines, Managing Director Anil Sardana said in...

Indonesia's Bumi eyes $1 bn IPO for non-coal assets ,

Apr 11, 2010· PT Bumi Resources , Indonesia's biggest coal producer, wants to list its non-coal mining assets which it values at $19 billion, in a $1 billion initial public offering later this year, sources ....

indonesia coal mine acquisition - asinagpurcirclein

Coal Mine In Indonesia: Latest News on Coal Mine In Indonesia, Please update us on the acquisition of 95% stake of a coal mine in Indonesia costing Rs 30 Crores, 5 ,...

Indonesia's Bumi eyes $1 bn IPO for non-coal assets ,

Apr 11, 2010· PT Bumi Resources , Indonesia's biggest coal producer, wants to list its non-coal mining assets which it values at $19 billion, in a $1 billion initial public offering later this year, sources ....

Turning point for coal? Japanese trading firms snap up ,

Japanese trading firms snap up coal assets , house Marubeni was prepared to sell a costly stake in a Canadian coal mine for as , also had its eyes on other assets, without elaborating ....

Coal Assets Related News - SteelGuru

CIL To Hire Merchant Bankers For Acquiring Stakes In Australian Coal Assets Published on - Jun 11,2019 South Africa's Exxaro eyes South32 coal assets Published on - ,...

Mercator Eyes Indonesia Coal Mine Buy, Overseas IPO For ,

Sep 19, 2011· Mercator Lines, India's second largest private shipping firm, expects to acquire a coal mine in Indonesia in the next one week for around $30 million, and plans to list its coal division overseas, a top official said, sending its shares up "The likely resources (of the new coal ,...

Tata Eyes Coal Assets Freed By Global Fracking Boom ,

Apr 29, 2013· Tata Power Co, India’s second-largest generator, is seeking coal assets in the US, Canada and Colombia as prices of the fuel drop amid surging shale gas supplies in North America...

CIL gets coal mine equity proposals from Rio Tinto, GVK ,

While reports said Rio Tinto, the world's third largest miner, is looking at sale of coal mine stake, the company did not make any specific comments on the CIL issue Coal Videsh Ltd, CIL's arm ....

CIL may form subsidiary for buying coal assets in S ,

Mar 12, 2018· State-run Coal India (CIL) is likely to set up a subsidiary for buying coal assets in South Africa, as part of efforts to boost its output The government of Limpopo, the northernmost province of ....

Aditya Birla Group Eyes Stake In Bakrie's Coal Mines - Report

Jan 05, 2012· Alternatively, ABG could acquire a stake in the holding company, Bumi, rather than the assets," he wrote Indonesia is the world's largest exporter of thermal coal,...

Indonesia's Indika Energy lifts stake in local coal ,

JAKARTA -- Indonesian energy company Indika Energy on Monday said it agreed to buy an additional 45% stake in the country's third-largest coal producer from existing shareholders, including South ....

CIL wants govt to relax investment rules | Business News ,

The world’s largest coal miner Coal India Ltd has zeroed in on two overseas coal assets,one in Australia and the other in Indonesia,for acquisition and expects to begin serious dialogue with the owners soon Advertising “At this moment,we have shortlisted two unlisted coal companies,one in ....

Govt to sell 5 pc stake in Coal India, to fetch Rs 8,400 cr

Aug 08, 2013· The government will sell 5 per cent stake in Coal India through the auction route to garner over Rs 8,400 crore to the exchequer and has initiated ,...

UPDATE 1-Indonesian firm eyes $1 bln sale of Berau Coal ,

Apr 06, 2009· UPDATE 1-Indonesian firm eyes $1 bln sale of Berau Coal-sources , exploring the sale of its majority stake in coal miner PT Berau Coal, in a sale that could value the coal firm at around $1 ....

CIL likely to buy 15% stake in Peabody’s Australia ,

CIL likely to buy 15% stake in Peabody’s Australia assets New Delhi: Coal India Ltd, the world’s largest coal producer, may buy up to a 15% stake in US-based Peabody Energy Corp’s ....