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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, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- The University of Queensland
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Deloitte Consulting - India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
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