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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, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
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