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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, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
Monday, 23 August 10
NOBLE RESOURCES AND PAN ASIA INK MAJOR COAL DEAL
Pan Asia Corporation Limited has, via Innovation West Pty Ltd, entered into a binding coal purchase & finance agreement with Noble Resources Pte ...
Monday, 23 August 10
THE FREIGHT MARKET IS EXPECTED TO BE FIRM FOR NEXT COUPLE OF WEEKS - VISTAAR SINGAPORE
COALspot.com: The BDI continued to rise this week by 11.67 pct with the other sectors also keeping the moment. The cape size index also was up by 11 ...
Friday, 20 August 10
JAKARTA TO HOST 9TH ASIA PACIFIC MINING CONFERENCE AND EXHIBITION IN OCTOBER
ASEAN Federation of Mining Association (AFMA), an association of mining groups in Southeast Asia, will hold the 9th Asia Pacific Mining Conference a ...
Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has ...
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- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
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- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
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- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
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- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
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- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Star Paper Mills Limited - India
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- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
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- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
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- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Economic Council, Georgia
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- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
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- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
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- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
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- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
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- AsiaOL BioFuels Corp., Philippines
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- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- The University of Queensland
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Australian Coal Association
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The State Trading Corporation of India Ltd
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- Bahari Cakrawala Sebuku - Indonesia
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- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
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