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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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Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
Monday, 13 September 10
FREIGHT MARKETS MAY BE A BIT SOFT THIS WEEK - VISTAAR SINGAPORE
COALspot.com: The freight market continued its upward trend with the BDI almost touching 3000 points. However the uncertainty seems to continue with ...
Friday, 10 September 10
INDONESIAN RAILWAY CONTRACT STILL UP FOR BIDDING - LOGISTICS WEEK
The tender process for a $2.2bn project to build a coal-transporting railway line in Central Kalimantan province, Indonesia, is still underway and n ...
Friday, 10 September 10
WCI INTO CHINA WITH IRON ORE ARE AIMING AROUND $ 20K - FEARNBULK
Handy
The rates are firm in every corner of the world. However it still looks Atlantic/Baltic/Black Sea offer better employment opportunities for ...
Thursday, 09 September 10
INDIANS BALCO TO BUY 50 K OF 3,000 TO 4,500 GAR CALORIFIC VALUE COAL
COALspot.com: Bharat Aluminium Company Limited (BALCO) is a subsidiary of Sterlite Industries (India) Limited and part of Vedanta Resources PLC, a L ...
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- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Planning Commission, India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Australian Coal Association
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- The University of Queensland
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
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