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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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Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
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- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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