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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
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- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Parliament of New Zealand
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- The University of Queensland
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Indika Energy - Indonesia
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
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