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, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
|
|
|
Showing 5896 to 5900 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Australian Coal Association
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Central Java Power - Indonesia
|
| |
| |
|
