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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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Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
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- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Parliament of New Zealand
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
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