COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...


Friday, 04 March 11
IRON ORE FROM INDIA HAS BEEN QUIET
Handy Activity has been gradually rising in the Atlantic but it is mostly confined to the USG market. Short period basis redelivery Atlantic has b ...


Thursday, 03 March 11
TNPL INDIA LOOKING FOR 160,000 MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. is seeking to import 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calo ...


Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled a ...


Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o- ...


   1070 1071 1072 1073 1074   
Showing 5356 to 5360 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Globalindo Alam Lestari - Indonesia
  • Asia Cement - Taiwan
  • Ernst & Young Pvt. Ltd.
  • Renaissance Capital - South Africa
  • PTC India Limited - India
  • San Jose City I Power Corp, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • PNOC Exploration Corporation - Philippines
  • London Commodity Brokers - England
  • The Treasury - Australian Government
  • HSBC - Hong Kong
  • GMR Energy Limited - India
  • Adani Power Ltd - India
  • Gresik Semen - Indonesia
  • JPower - Japan
  • Berau Coal - Indonesia
  • Merrill Lynch Commodities Europe
  • OCBC - Singapore
  • Sakthi Sugars Limited - India
  • Sarangani Energy Corporation, Philippines
  • Cosco
  • Altura Mining Limited, Indonesia
  • Maersk Broker
  • Rio Tinto Coal - Australia
  • Humpuss - Indonesia
  • TeaM Sual Corporation - Philippines
  • Thai Mozambique Logistica
  • Bhatia International Limited - India
  • WorleyParsons
  • Global Coal Blending Company Limited - Australia
  • The India Cements Ltd
  • Planning Commission, India
  • South Luzon Thermal Energy Corporation
  • Indian Energy Exchange, India
  • Sojitz Corporation - Japan
  • Jaiprakash Power Ventures ltd
  • Bahari Cakrawala Sebuku - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Thriveni
  • Parry Sugars Refinery, India
  • ING Bank NV - Singapore
  • Economic Council, Georgia
  • IOL Indonesia
  • GVK Power & Infra Limited - India
  • Price Waterhouse Coopers - Russia
  • Vedanta Resources Plc - India
  • Mercuria Energy - Indonesia
  • Ministry of Transport, Egypt
  • Kapuas Tunggal Persada - Indonesia
  • Asian Development Bank
  • GN Power Mariveles Coal Plant, Philippines
  • GNFC Limited - India
  • NALCO India
  • Idemitsu - Japan
  • Global Business Power Corporation, Philippines
  • Attock Cement Pakistan Limited
  • Mitsubishi Corporation
  • IEA Clean Coal Centre - UK
  • Iligan Light & Power Inc, Philippines
  • Minerals Council of Australia
  • MEC Coal - Indonesia
  • ICICI Bank Limited - India
  • Baramulti Group, Indonesia
  • Geoservices-GeoAssay Lab
  • McConnell Dowell - Australia
  • Riau Bara Harum - Indonesia
  • Standard Chartered Bank - UAE
  • Sree Jayajothi Cements Limited - India
  • TGV SRAAC LIMITED, India
  • Deutsche Bank - India
  • Coal and Oil Company - UAE
  • Vale Mozambique
  • LBH Netherlands Bv - Netherlands
  • Makarim & Taira - Indonesia
  • Port Waratah Coal Services - Australia
  • U S Energy Resources
  • Coeclerici Indonesia
  • Tanito Harum - Indonesia
  • Ambuja Cements Ltd - India
  • Mercator Lines Limited - India
  • Indika Energy - Indonesia
  • Total Coal South Africa
  • Enel Italy
  • World Bank
  • Videocon Industries ltd - India
  • Independent Power Producers Association of India
  • Krishnapatnam Port Company Ltd. - India
  • ACC Limited - India
  • Energy Link Ltd, New Zealand
  • PLN - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • IBC Asia (S) Pte Ltd
  • Maheswari Brothers Coal Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • EMO - The Netherlands
  • Meralco Power Generation, Philippines
  • Bhushan Steel Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • IHS Mccloskey Coal Group - USA
  • The University of Queensland
  • KOWEPO - South Korea
  • Petrosea - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Binh Thuan Hamico - Vietnam
  • UOB Asia (HK) Ltd
  • Malabar Cements Ltd - India
  • EIA - United States
  • Russian Coal LLC
  • CCIC - Indonesia
  • Cargill India Pvt Ltd
  • Argus Media - Singapore
  • Runge Indonesia
  • Freeport Indonesia
  • Platou - Singapore
  • Electricity Generating Authority of Thailand
  • Australian Coal Association
  • Gupta Coal India Ltd
  • Leighton Contractors Pty Ltd - Australia
  • TNB Fuel Sdn Bhd - Malaysia
  • Intertek Mineral Services - Indonesia
  • Merrill Lynch Bank
  • Straits Asia Resources Limited - Singapore
  • MS Steel International - UAE
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Arch Coal - USA
  • Power Finance Corporation Ltd., India
  • Jorong Barutama Greston.PT - Indonesia
  • Thiess Contractors Indonesia
  • Medco Energi Mining Internasional
  • Banpu Public Company Limited - Thailand
  • Marubeni Corporation - India
  • Peabody Energy - USA
  • TRAFIGURA, South Korea
  • Adaro Indonesia
  • Sucofindo - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Maybank - Singapore
  • KEPCO - South Korea
  • Coal Orbis AG
  • Grasim Industreis Ltd - India
  • Mjunction Services Limited - India
  • Indonesian Coal Mining Association
  • Chettinad Cement Corporation Ltd - India
  • Georgia Ports Authority, United States
  • Agrawal Coal Company - India
  • Thermax Limited - India
  • CESC Limited - India
  • Antam Resourcindo - Indonesia
  • World Coal - UK
  • Karaikal Port Pvt Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Platts
  • Bukit Makmur.PT - Indonesia
  • Edison Trading Spa - Italy
  • Wilmar Investment Holdings
  • Cebu Energy, Philippines
  • Bangladesh Power Developement Board
  • Directorate General of MIneral and Coal - Indonesia
  • Madhucon Powers Ltd - India
  • Noble Europe Ltd - UK
  • Eastern Coal Council - USA
  • Xstrata Coal
  • KPCL - India
  • Heidelberg Cement - Germany
  • Britmindo - Indonesia
  • Coal India Limited
  • Bhoruka Overseas - Indonesia
  • New Zealand Coal & Carbon
  • Cemex - Philippines
  • OPG Power Generation Pvt Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Ministry of Finance - Indonesia
  • Gujarat Sidhee Cement - India
  • Bayan Resources Tbk. - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Barasentosa Lestari - Indonesia
  • Oldendorff Carriers - Singapore
  • GB Group - China
  • Manunggal Multi Energi - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • CNBM International Corporation - China
  • SGS (Thailand) Limited
  • Credit Suisse - India
  • Salva Resources Pvt Ltd - India
  • Dalmia Cement Bharat India
  • Deloitte Consulting - India
  • PowerSource Philippines DevCo
  • SMC Global Power, Philippines
  • Sinarmas Energy and Mining - Indonesia
  • KPMG - USA
  • Maharashtra Electricity Regulatory Commission - India
  • Tata Power - India
  • Tata Chemicals Ltd - India
  • Mitra SK Pvt Ltd - India
  • Siam City Cement - Thailand
  • Latin American Coal - Colombia
  • Xindia Steels Limited - India
  • Therma Luzon, Inc, Philippines
  • Essar Steel Hazira Ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Formosa Plastics Group - Taiwan
  • Romanian Commodities Exchange
  • Central Java Power - Indonesia
  • Arutmin Indonesia
  • Reliance Power - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bank of China, Malaysia
  • Semirara Mining Corp, Philippines
  • White Energy Company Limited
  • Energy Development Corp, Philippines
  • Kartika Selabumi Mining - Indonesia
  • Trasteel International SA, Italy
  • Kumho Petrochemical, South Korea
  • Fearnleys - India
  • JPMorgan - India
  • Core Mineral Indonesia
  • Interocean Group of Companies - India
  • Semirara Mining and Power Corporation, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Shree Cement - India
  • Bharathi Cement Corporation - India
  • BRS Brokers - Singapore
  • APGENCO India
  • PetroVietnam Power Coal Import and Supply Company
  • Kideco Jaya Agung - Indonesia
  • globalCOAL - UK
  • AsiaOL BioFuels Corp., Philippines
  • Bukit Baiduri Energy - Indonesia
  • TNPL - India
  • Alfred C Toepfer International GmbH - Germany
  • Directorate Of Revenue Intelligence - India
  • Siam City Cement PLC, Thailand
  • ETA - Dubai
  • RBS Sempra - UK
  • Ince & co LLP
  • J M Baxi & Co - India
  • Pinang Coal Indonesia
  • CoalTek, United States
  • Kohat Cement Company Ltd. - Pakistan
  • Bank of America
  • SASOL - South Africa
  • Bangkok Bank PCL
  • Timah Investasi Mineral - Indoneisa
  • PLN Batubara - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • GHCL Limited - India
  • Mechel - Russia
  • SN Aboitiz Power Inc, Philippines
  • Orica Mining Services - Indonesia
  • Carbofer General Trading SA - India
  • PetroVietnam
  • Indian School of Mines
  • Indian Oil Corporation Limited
  • Rudhra Energy - India
  • Kobexindo Tractors - Indoneisa
  • Jindal Steel & Power Ltd - India
  • bp singapore
  • Cardiff University - UK
  • Kalimantan Lumbung Energi - Indonesia
  • Samsung - South Korea
  • SRK Consulting
  • The State Trading Corporation of India Ltd
  • Chamber of Mines of South Africa
  • Lafarge - France
  • Barclays Capital - USA
  • Australian Commodity Traders Exchange
  • Shenhua Group - China
  • Bulk Trading Sa - Switzerland
  • Neyveli Lignite Corporation Ltd, - India
  • Aboitiz Power Corporation - Philippines
  • Mintek Dendrill Indonesia
  • Cement Manufacturers Association - India
  • Miang Besar Coal Terminal - Indonesia
  • Qatrana Cement - Jordan
  • Coaltrans Conferences
  • Global Green Power PLC Corporation, Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • SMG Consultants - Indonesia
  • Petron Corporation, Philippines
  • Ministry of Mines - Canada
  • Indorama - Singapore
  • Thailand Anthracite
  • Indo Tambangraya Megah - Indonesia
  • Coastal Gujarat Power Limited - India
  • Jatenergy - Australia
  • Kobe Steel Ltd - Japan
  • Eastern Energy - Thailand
  • Goldman Sachs - Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • Star Paper Mills Limited - India
  • Singapore Mercantile Exchange
  • Uttam Galva Steels Limited - India
  • Clarksons - UK
  • Lanco Infratech Ltd - India
  • Aditya Birla Group - India
  • TANGEDCO India
  • Cigading International Bulk Terminal - Indonesia
  • DBS Bank - Singapore
  • UBS Singapore
  • Vitol - Bahrain
  • Vizag Seaport Private Limited - India
  • Toyota Tsusho Corporation, Japan
  • Pendopo Energi Batubara - Indonesia
  • CIMB Investment Bank - Malaysia
  • Panama Canal Authority
  • Meenaskhi Energy Private Limited - India
  • Inspectorate - India
  • Commonwealth Bank - Australia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • ASAPP Information Group - India
  • SUEK AG - Indonesia
  • Savvy Resources Ltd - HongKong
  • Coalindo Energy - Indonesia
  • Anglo American - United Kingdom
  • Central Electricity Authority - India
  • Malco - India
  • NTPC Limited - India
  • Simpson Spence & Young - Indonesia
  • Borneo Indobara - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • McKinsey & Co - India
  • Sical Logistics Limited - India
  • India Bulls Power Limited - India
  • ANZ Bank - Australia
  • European Bulk Services B.V. - Netherlands
  • Gujarat Electricity Regulatory Commission - India
  • Inco-Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Indonesia Power. PT
  • Mitsui
  • VISA Power Limited - India
  • Glencore India Pvt. Ltd
  • Surastha Cement
  • Larsen & Toubro Limited - India
  • Metalloyd Limited - United Kingdom
  • Thomson Reuters GRC
  • Sindya Power Generating Company Private Ltd
  • Japan Coal Energy Center
  • Indogreen Group - Indonesia
  • Permata Bank - Indonesia
  • Moodys - Singapore
  • BNP Paribas - Singapore
  • Maruti Cements - India
  • IMC Shipping - Singapore
  • Ind-Barath Power Infra Limited - India
  • Parliament of New Zealand
  • Samtan Co., Ltd - South Korea
  • Tamil Nadu electricity Board
  • Posco Energy - South Korea
  • Orica Australia Pty. Ltd.
  • Africa Commodities Group - South Africa
  • Electricity Authority, New Zealand
  • Infraline Energy - India
  • Wood Mackenzie - Singapore