We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 $6.4 billion.
Adani now has coalmining and trading, power generation, oil and gas exploration and gas distribution operations.
Source: Business Day / The Age
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
|
|
|
Showing 5666 to 5670 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Planning Commission, India
- Australian Coal Association
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
|
| |
| |
|
