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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
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- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
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