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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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Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
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- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- The University of Queensland
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
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