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Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
 Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 crore). Sources said the mine may have reserves of 280-300 million tonnes. The asset is also unique, as it comes with an operating power plant of 500 Mw. The last date for bids is September 20.
A GMR spokesperson said that the company does not comment on speculation, while Reliance Power and Adani did not respond to e-mailed queries.
The Indian companies, however, face tough competition. There are 31 bidders, including Japanese and Chinese companies. “Since the asset is very expensive, companies might look at forging joint ventures with international partners to put in bids,” said a source close to the development.
Australia and Indonesia have been popular destinations for power companies seeking coal mines due to their proximity to India. Reliance Power acquired three coal mines in Indonesia in May 2008. GMR also acquired Indonesian coal mining company PT Barasentosa Lestari for around Rs 400 crore (US$ 87,241,013) in 2009. In 2007, Tata Power bought a 30 per cent stake in two coal companies for $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...
Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com - Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...
Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy
The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...
Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...
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- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- White Energy Company Limited
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
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