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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, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- VISA Power Limited - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
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