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India s Coal India Limited CIL has received five proposals to acquire coal assets in Indonesia The miner was currently examining the proposals with a view of starting negotiations with the
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CIL may buy 15% stake in Peabody s Australia assets for $100mn Search Business Market CIL may buy 15% stake in Peabody s Australia assets for $100mn This Article is From Oct 29 2024 CIL
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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 Coal India eyes mine acquisitions in Indonesia Business News 2024/12/09 Two coal blocks A1 and A2 at Motaize in Tete Province of Mozambique are spread over 200 sq km CIL has proposed a capital outlay of Rs
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It seems the world s largest coal miner envisages insufficient domestic production in order to meet coking coal and high grade fuel demand from various sectors
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CIL may have to shell out around $375 million for the deal assuming the miner takes up at least 25 per cent stake in each of the three mines
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CIL in advanced talks to buy 30pc stake in Indonesian coal 25 07 2024· State owned Coal India CIL is in advanced stages of talks to acquire about 30 per cent stake in an Indonesian coal asset Benchmarks Nifty 17 58515 4435 NSE Gainer Large Cap InterGlobe 2 19605
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CIL allocated MT of coal in 2024 21 under spot e auction scheme registering a year on year increase of percent CIL had allocated MT of the dry fuel in 2024 20 Fuel allocation by CIL under the scheme also increased to MT in March from over 2 MT in the corresponding month of 2024 20
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A CIL Board sub committee on foreign acquisition has already vetted the proposal
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State owned Coal India CIL is in advanced stages of talks to acquire around 30 per cent stake in an Indonesian coal asset
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Coal India has budgeted $ billion to buy assets in the Indonesia and Australia during the year ending March 2024 as it battles a widening gap between domestic coal supply and demand [15] In May 2024 Coal India said it wanted to buy a stake in Massey Energy Co s Sidney Underground Mines and is awaiting a response from the based company s new management on the potential deal
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Pursuing its overseas expansion strategy Coal India Ltd CIL is actively looking at as many as five proposals for acquisition of mines in Indonesia CIL s overseas plans come at a time when
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It took nearly 50 years but the world s top coal miner Coal India Ltd finally hired its first woman engineer to work in an underground mine Women in India were barred from working in underground mines until as recently as 2024 when the government amended the law permitting them to work in these areas in a bid to improve female labor participation rates
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76 pc stake in Indonesian bank Mumbai December 11 The Bank of India said today it had signed an agreement with the shareholders of Indonesia s PT Bank Swadesi to buy a 76 per cent stake in
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CIL was likely to take a stake between 30 40 per cent in these coal assets Advertisement In this regard CIL has approached the Finance Ministry and government for relaxation of PSU guidelines stipulating a minimum 12 per cent internal rate of return on investments
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Cil Eyes Stake In Indonesian Coal Assets Cil Eyes Stake In Indonesian Coal Assets Coal India production rises 6 4% yoy in October The production by Coal India Ltd CIL had stood at 46 8 MT in the corresponding month last year the company said in a BSE filing Coal production by CIL in April October 2024 also rose
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On the block is Kepco s 20% stake in Indonesian coal miner PT Bayan Resources Tbk which is valued at about $500 million based on the company s recent share price Kepco bought the stake in 2024
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The average import price of non coking coal sourced from Indonesia during 2024 2024 was Rs 3 678 per tonne Indonesia supplied most of our non coking coal imports The second source was the coal sold in e auction by Northern Coalfields Limited a subsidiary of CIL [Coal India Ltd] based in Singrauli The third and major source of coal supply in the country was that which was mined and
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A power crisis in India has worsened as acute coal shortages at power plants threaten outages that could impact the country s fledgling economic recovery The ongoing coal shortage in India is becoming more serious with each passing day even as ministers in the government assure that the situation will normalise by ramping up coal across India have issued panicked warnings
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Govt goes ahead with CIL stake sale despite strike threat 08 August 2024 Coal India Q1 FY 14 net down % at Rs3 731 crore 03 August 2024 Government agrees to limit Coal India stake sale to 5
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Russia seeks to outmuscle in Arctic In this newsletter 1 Russia begins development on Arctic oil project that will produce 25 million tons of oil per year
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Reliance Power Ltd plans to buy a stake in an Australian firm that owns coal mines and has an enterprise value of $3 billion around Rs13 000 crore The coal from the stake will be used primarily for sale in the international markets and will help in hedging The coal may also be brought back to India The company has embarked on this plan—buying stakes in companies that own coal blocks
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India eyes coal import from Russia Australia Indonesia New Delhi The government may shortly initiate negotiations with Russia Australia Indonesia and South Africa to help state run Coal India Ltd import coal at a discounted rate as an emergency measure to avoid a fuel shortage for the country s strained power plants and create buffer stocks two government officials aware of the plan
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CIL is in the process of completing the due diligence report on the Golden Energy asset which consists of ten coal mining areas in Indonesia including those in Sumatra and Kalimantan islands with total estimated coal reserves of 400Mt The Indonesian mining company plans to raise its output to ten million tons this year and plans to produce
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KOLKATA India s Coal India Limited CIL has received five proposals to acquire coal assets in Indonesia The miner was currently examining the proposals with a view to
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The Page Description cil eyes stake in indonesian coal assets Jun 02 2024 In April Tata Power Company completed the sale of its 50 stake in South African wind power company Cennergi to joint venture partner Exxaro Resources for Rs 660 crore It is already in a pact to sell its stake in PT Arutmin Indonesia and is now in talks to sell its stake in its asset in Zambia BSSR coal mine in Indonesia
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Day to day scenario in our Indian Power sector/ Non conventional Energy Steel Road and infrastructure of India
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JOHANNESBURG Struggling petrochemicals producer Sasol has appointed advisers to sell its stakes in a power plant in Mozambique and a gas pipeline running from the country into South Africa two sources familiar with the matter told Reuters Sasol the world s top producer of motor fuel from coal is trying to shed assets to pay off its debt pile and avoid a rights issue of up to $2 billion
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NEW DELHI Aug 29 2024 Australian state Queensland is soliciting investments from Indian corporates for mining uranium and coal to enhance economic ties between the two sides Few Indian private sector players have expressed interest in taking mining licences in Queensland which have one of the largest coal and uranium reserves in the world Queensland Trade and Investment Commissioner
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Indonesia s Bakrie family to sell part stake in Bumi Plc for $800 mn to repay loan 01 November 2024 Winsway Marubeni to acquire Canada s Grande Cache Coal for $1 bn
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Read more about CIL eyes over 10% stake in Peabody asset on Business Standard State run Coal India today said it is in advanced talks to buy 10 per cent stake in the US based Peabody Energy Corp s asset in Australia
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