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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, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
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- Romanian Commodities Exchange
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- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
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- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
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- Commonwealth Bank - Australia
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- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
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- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
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- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Planning Commission, India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
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