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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
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- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
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