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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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Thursday, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
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- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- The University of Queensland
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- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
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- Indonesian Coal Mining Association
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- Interocean Group of Companies - India
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- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
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- Australian Coal Association
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- The Treasury - Australian Government
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- Planning Commission, India
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- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
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- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- White Energy Company Limited
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- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
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- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
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- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
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- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
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- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
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- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
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- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Minerals Council of Australia
- Bangladesh Power Developement Board
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- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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