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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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Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
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- Bharathi Cement Corporation - India
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- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
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- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
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- Mjunction Services Limited - India
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- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- The University of Queensland
- The State Trading Corporation of India Ltd
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- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- White Energy Company Limited
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- Merrill Lynch Commodities Europe
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- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
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- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
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- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
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- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
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- Indian Oil Corporation Limited
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- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
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- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
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- Rashtriya Ispat Nigam Limited - India
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- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
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- Cigading International Bulk Terminal - Indonesia
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- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
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- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
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