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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, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
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- Maharashtra Electricity Regulatory Commission - India
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- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
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- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Planning Commission, India
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- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
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- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
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- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
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- Altura Mining Limited, Indonesia
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- Indian Oil Corporation Limited
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- TeaM Sual Corporation - Philippines
- Australian Coal Association
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- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- White Energy Company Limited
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
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- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
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- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Interocean Group of Companies - India
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- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
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