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Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
 "THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow, giving the subcontinent's commodity trader control of Linc's $1 billion Queensland coal asset", The Age / Business day reported.
Adani's billionaire chairman Gautam Adani met Linc's chief executive Peter Bond in Brisbane over the weekend and reached an agreement on the sale of Linc's Galilee coal tenement, believed to have reserves of 7 to 8 billion tonnes.
Sources close to the deal said Adani would invest in the project, setting a production target of over 50 million tones of coal in the next four years. Mr Adani will stay in Brisbane for the expected signing of the deal tomorrow.
The news confirms market expectations of an agreement. Shares in Linc soared nearly 18 per cent two weeks ago after Adani, a known suitor for its coal assets, announced it had raised $US850 million ($A961.3 million) via an institutional share sale.
At that point, Mr Bond did his best to hose down the fervent interest, saying Linc had ''not concluded any binding contract or finalised any material terms with any party'' and that it would ''immediately advise the market should this position change''.
That advice is expected imminently with both parties satisfied with the transaction. The Galilee tenement is one of three that Linc has had on the market. Talks on the sale of the remaining two are still under way, but deals on those is still some time away.
For Linc, the sale is a relief after it twice failed to offload non-core assets to separate Chinese parties. It frees up capital to direct into its main coal-to-liquids interests.
For Adani, the purchase fits with its strategy of building power plants throughout India to help meet rising demand for energy in Asia's third largest economy.
The coal reserves will help fuel a 13,200 megawatt power plant that it has on the drawing board in India.
Linc is one of a number of thermal coalmine owners in Australia and elsewhere that Adani has been speaking with to feed that project. Adani is one of India's most talked about success stories, having been started in 1988 by Mr Adani, who went from being a university dropout to last year being listed by Forbes magazine as India's 10th richest man with a fortune of $6.4 billion.
Adani now has coalmining and trading, power generation, oil and gas exploration and gas distribution operations.
Source: Business Day / The Age
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Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
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- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- The University of Queensland
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
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