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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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Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
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- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- The University of Queensland
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
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