We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
|
|
|
Showing 5856 to 5860 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
|
| |
| |
|
