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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, 08 February 11
PUSTAKA JAYA PALU POWER LOOKING FOR 5800 GAD COAL
COALspot.com - According to market information, PT Pustaka Jaya Palu Power, a power plant operator of the Mpanau plant, Palu, Sulawesi has invited c ...
Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limite ...
Tuesday, 08 February 11
DRY BULK: IS THE TIDE TURNING? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what could be perceived as a change of market sentiment for the better, the dry bulk industry’s benchmark, the Baltic Dry Index (BDI) poste ...
Monday, 07 February 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 13.03 PERCENT IN FEBRUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the February 2011 Indonesian Coal Reference Price for therma ...
Monday, 07 February 11
COAL PRICES ON RISE: DEMAND FROM INDIA AND CHINA - ANALYZED SUNIL K KUMBHAT
INDONESIA IS HEART OF ASIAN COAL BOOM
COALspot.com - Rising demand of Coal from India and China, coupled with global financial recovery, is driv ...
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- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Aditya Birla Group - India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Planning Commission, India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
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