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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, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Attock Cement Pakistan Limited
- White Energy Company Limited
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
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