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Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
 The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in talks with Indonesia’s Sugico Group to acquire a coal mine with 1.8 billion tonnes of reserves in the south-east Asian nation.
“The Sugico Group, which has two coal properties, has offered its East Kalimantan mine to NTPC for partnership, which involves stake sale along with a long-term coal supply,” said a person aware of the development who did not want to be identified.
Sugico Group did not respond to questions emailed by Mint.
R.S. Sharma, chairman and managing director of NTPC, confirmed the talks. “We are waiting for the technical report,” he said.
The utility has already appointed Macquarie Group Ltd as the investment banker for the deal, estimated to be around $1 billion (Rs4,560 crore).
Going by recent coal deals, if the reserves are not proven, the valuation of a mine is 10-20 cents per tonne. For proven resources, it is 50-60 cents per tonne. Operational mines come with a much higher price tag of around $2-3 per tonne.
“Sugico has come up with this offer as they do not have the ability to open the mine on their own. The development of the mine will also require a lot of infrastructure development in the region, including roads, ports among others,” said the first person quoted above. “NTPC has called for technical due diligence as the entire mine area is not completely prospected.”
NTPC’s total coal requirement is around 160 million tonnes, of which about 10% is imported to cover the domestic shortfall. Fresh coal supplies are critical as the fuel powers at least 80% of its installed capacity of 31,134MW.
While NTPC projects are facing an acute coal shortage, the utility has not succeeded in plans to source either coal or gas from overseas. It recently dropped plans to acquire a South African coal-mining firm due to the high sulphur content of the reserves. The firm has cash reserves of Rs44,393 crore. It returned a net profit of Rs7,827.4 crore on revenue of Rs42,182.4 crore in 2008-09.
Indian companies scouting for coal resources overseas are competing with leading Chinese miners such as China Shenhua Energy Co. Ltd and Yanzhou Coal Mining Co. Ltd.
More and more Indian power firms are now looking towards Indonesia to meet their requirements. Apart from physical proximity, Indonesia has become the preferred destination for Indian companies because of the easy availability of coal and the local government’s willingness to invite foreign firms to invest in the country.
In an unrelated development, Essar Group said in a Thursday statement that it has signed a definitive agreement to purchase the Aries coal mines in the same region of Indonesia. Aries has an estimated resource base of 100 million tonnes of thermal coal and mineable reserves of 64 million tonnes. The transaction is expected to be completed by next month.
Source: Live Mint( Reported by Utpal Bhaskar )
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Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...
Thursday, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...
Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...
Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned electricity company forecasted its coal requirement in 2014 would be around 95 million tons. ...
Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...
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- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
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- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
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- SMC Global Power, Philippines
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- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
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- Port Waratah Coal Services - Australia
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- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
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- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
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- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
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- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
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- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
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- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
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- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
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- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
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- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- GMR Energy Limited - India
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- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
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- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
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- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Deloitte Consulting - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
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- Bayan Resources Tbk. - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
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- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
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