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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, 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 ...
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- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- The University of Queensland
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
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