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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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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
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- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Australian Coal Association
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
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