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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, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
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- Lanco Infratech Ltd - India
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- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
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- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
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- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
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- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
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- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
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- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
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- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
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- Romanian Commodities Exchange
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- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Merrill Lynch Commodities Europe
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- Independent Power Producers Association of India
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- SMG Consultants - Indonesia
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- Sindya Power Generating Company Private Ltd
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- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
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- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
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- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Xindia Steels Limited - India
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- GAC Shipping (India) Pvt Ltd
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- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
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- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Planning Commission, India
- MS Steel International - UAE
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
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- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
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- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
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- Sree Jayajothi Cements Limited - India
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- Global Coal Blending Company Limited - Australia
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- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
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