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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 $6.4 billion.
Adani now has coalmining and trading, power generation, oil and gas exploration and gas distribution operations.
Source: Business Day / The Age
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Saturday, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points.
The Cape and Panamax index was almost ...
Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
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- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- ASAPP Information Group - India
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
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