COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono  said during McCloskey Asia P ...


Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...


Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...


Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...


Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...


   1100 1101 1102 1103 1104   
Showing 5506 to 5510 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Kobexindo Tractors - Indoneisa
  • Thailand Anthracite
  • LBH Netherlands Bv - Netherlands
  • Kalimantan Lumbung Energi - Indonesia
  • SASOL - South Africa
  • Mitra SK Pvt Ltd - India
  • Clarksons - UK
  • Thermax Limited - India
  • Heidelberg Cement - Germany
  • Pinang Coal Indonesia
  • Kaltim Prima Coal - Indonesia
  • Coalindo Energy - Indonesia
  • Glencore India Pvt. Ltd
  • SMC Global Power, Philippines
  • Salva Resources Pvt Ltd - India
  • Miang Besar Coal Terminal - Indonesia
  • Vizag Seaport Private Limited - India
  • Shenhua Group - China
  • MEC Coal - Indonesia
  • Permata Bank - Indonesia
  • Tamil Nadu electricity Board
  • Berau Coal - Indonesia
  • GNFC Limited - India
  • Orica Mining Services - Indonesia
  • Ind-Barath Power Infra Limited - India
  • IEA Clean Coal Centre - UK
  • Bangkok Bank PCL
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Bharathi Cement Corporation - India
  • Tata Chemicals Ltd - India
  • Uttam Galva Steels Limited - India
  • Moodys - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • Gupta Coal India Ltd
  • Gujarat Sidhee Cement - India
  • Indogreen Group - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Timah Investasi Mineral - Indoneisa
  • The Treasury - Australian Government
  • SMG Consultants - Indonesia
  • Indonesian Coal Mining Association
  • Rudhra Energy - India
  • CCIC - Indonesia
  • Japan Coal Energy Center
  • Indian School of Mines
  • Planning Commission, India
  • Independent Power Producers Association of India
  • Global Business Power Corporation, Philippines
  • Indian Oil Corporation Limited
  • Energy Development Corp, Philippines
  • Standard Chartered Bank - UAE
  • Mintek Dendrill Indonesia
  • Mercator Lines Limited - India
  • GHCL Limited - India
  • Wilmar Investment Holdings
  • Britmindo - Indonesia
  • IMC Shipping - Singapore
  • CESC Limited - India
  • OCBC - Singapore
  • Samsung - South Korea
  • GVK Power & Infra Limited - India
  • Vedanta Resources Plc - India
  • Ministry of Transport, Egypt
  • Metalloyd Limited - United Kingdom
  • Marubeni Corporation - India
  • Qatrana Cement - Jordan
  • Asia Cement - Taiwan
  • PLN - Indonesia
  • McConnell Dowell - Australia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Chettinad Cement Corporation Ltd - India
  • Indo Tambangraya Megah - Indonesia
  • Reliance Power - India
  • Barasentosa Lestari - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • PowerSource Philippines DevCo
  • Pipit Mutiara Jaya. PT, Indonesia
  • Bhatia International Limited - India
  • Economic Council, Georgia
  • Orica Australia Pty. Ltd.
  • PetroVietnam Power Coal Import and Supply Company
  • Chamber of Mines of South Africa
  • Ministry of Mines - Canada
  • Coastal Gujarat Power Limited - India
  • Attock Cement Pakistan Limited
  • Merrill Lynch Commodities Europe
  • Minerals Council of Australia
  • Cardiff University - UK
  • Jaiprakash Power Ventures ltd
  • Cement Manufacturers Association - India
  • Ministry of Finance - Indonesia
  • TNPL - India
  • Leighton Contractors Pty Ltd - Australia
  • Georgia Ports Authority, United States
  • Jorong Barutama Greston.PT - Indonesia
  • Kobe Steel Ltd - Japan
  • Agrawal Coal Company - India
  • Australian Commodity Traders Exchange
  • WorleyParsons
  • Mitsubishi Corporation
  • Adaro Indonesia
  • Eastern Energy - Thailand
  • Sojitz Corporation - Japan
  • Rio Tinto Coal - Australia
  • London Commodity Brokers - England
  • Deutsche Bank - India
  • Malco - India
  • J M Baxi & Co - India
  • Mjunction Services Limited - India
  • Maruti Cements - India
  • Cosco
  • RBS Sempra - UK
  • Kepco SPC Power Corporation, Philippines
  • HSBC - Hong Kong
  • Enel Italy
  • South Luzon Thermal Energy Corporation
  • Indian Energy Exchange, India
  • Arutmin Indonesia
  • NALCO India
  • KEPCO - South Korea
  • Mitsui
  • ASAPP Information Group - India
  • Platou - Singapore
  • Bulk Trading Sa - Switzerland
  • Malabar Cements Ltd - India
  • Thomson Reuters GRC
  • Surastha Cement
  • ETA - Dubai
  • Gresik Semen - Indonesia
  • Semirara Mining Corp, Philippines
  • Freeport Indonesia
  • The University of Queensland
  • CNBM International Corporation - China
  • Global Green Power PLC Corporation, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Goldman Sachs - Singapore
  • Parry Sugars Refinery, India
  • The State Trading Corporation of India Ltd
  • McKinsey & Co - India
  • Port Waratah Coal Services - Australia
  • PNOC Exploration Corporation - Philippines
  • Therma Luzon, Inc, Philippines
  • Russian Coal LLC
  • Meralco Power Generation, Philippines
  • Formosa Plastics Group - Taiwan
  • Simpson Spence & Young - Indonesia
  • KOWEPO - South Korea
  • globalCOAL - UK
  • Australian Coal Association
  • TeaM Sual Corporation - Philippines
  • BRS Brokers - Singapore
  • Xindia Steels Limited - India
  • Banpu Public Company Limited - Thailand
  • Interocean Group of Companies - India
  • Manunggal Multi Energi - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • BNP Paribas - Singapore
  • Xstrata Coal
  • Romanian Commodities Exchange
  • Thriveni
  • New Zealand Coal & Carbon
  • Bukit Makmur.PT - Indonesia
  • World Coal - UK
  • Infraline Energy - India
  • Anglo American - United Kingdom
  • ANZ Bank - Australia
  • India Bulls Power Limited - India
  • Commonwealth Bank - Australia
  • MS Steel International - UAE
  • European Bulk Services B.V. - Netherlands
  • Trasteel International SA, Italy
  • Parliament of New Zealand
  • Cemex - Philippines
  • Cigading International Bulk Terminal - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • SUEK AG - Indonesia
  • Jatenergy - Australia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Mechel - Russia
  • UOB Asia (HK) Ltd
  • Central Java Power - Indonesia
  • ACC Limited - India
  • Barclays Capital - USA
  • Power Finance Corporation Ltd., India
  • Geoservices-GeoAssay Lab
  • Altura Mining Limited, Indonesia
  • Inspectorate - India
  • Iligan Light & Power Inc, Philippines
  • Edison Trading Spa - Italy
  • Sinarmas Energy and Mining - Indonesia
  • Credit Suisse - India
  • Peabody Energy - USA
  • International Coal Ventures Pvt Ltd - India
  • Adani Power Ltd - India
  • Holcim Trading Pte Ltd - Singapore
  • GAC Shipping (India) Pvt Ltd
  • Kumho Petrochemical, South Korea
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • TRAFIGURA, South Korea
  • World Bank
  • Tata Power - India
  • Idemitsu - Japan
  • Bank of America
  • Petrochimia International Co. Ltd.- Taiwan
  • Bangladesh Power Developement Board
  • Maheswari Brothers Coal Limited - India
  • VISA Power Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Larsen & Toubro Limited - India
  • Essar Steel Hazira Ltd - India
  • TGV SRAAC LIMITED, India
  • Deloitte Consulting - India
  • Videocon Industries ltd - India
  • Karbindo Abesyapradhi - Indoneisa
  • CoalTek, United States
  • Meenaskhi Energy Private Limited - India
  • Indorama - Singapore
  • Lanco Infratech Ltd - India
  • Madhucon Powers Ltd - India
  • Posco Energy - South Korea
  • Eastern Coal Council - USA
  • GMR Energy Limited - India
  • Petron Corporation, Philippines
  • Thiess Contractors Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • U S Energy Resources
  • Bahari Cakrawala Sebuku - Indonesia
  • Medco Energi Mining Internasional
  • Maharashtra Electricity Regulatory Commission - India
  • Ambuja Cements Ltd - India
  • Jindal Steel & Power Ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Straits Asia Resources Limited - Singapore
  • Runge Indonesia
  • Dalmia Cement Bharat India
  • Electricity Generating Authority of Thailand
  • EMO - The Netherlands
  • White Energy Company Limited
  • Latin American Coal - Colombia
  • bp singapore
  • Electricity Authority, New Zealand
  • Maersk Broker
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • PetroVietnam
  • Wood Mackenzie - Singapore
  • Samtan Co., Ltd - South Korea
  • Alfred C Toepfer International GmbH - Germany
  • Semirara Mining and Power Corporation, Philippines
  • Indonesia Power. PT
  • PTC India Limited - India
  • Singapore Mercantile Exchange
  • JPMorgan - India
  • Savvy Resources Ltd - HongKong
  • Grasim Industreis Ltd - India
  • Thai Mozambique Logistica
  • Binh Thuan Hamico - Vietnam
  • Toyota Tsusho Corporation, Japan
  • Mercuria Energy - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Shree Cement - India
  • GB Group - China
  • Petrosea - Indonesia
  • Merrill Lynch Bank
  • Aditya Birla Group - India
  • Borneo Indobara - Indonesia
  • Coaltrans Conferences
  • IBC Asia (S) Pte Ltd
  • Total Coal South Africa
  • Price Waterhouse Coopers - Russia
  • Panama Canal Authority
  • JPower - Japan
  • Riau Bara Harum - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Pendopo Energi Batubara - Indonesia
  • IOL Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Coal and Oil Company - UAE
  • Energy Link Ltd, New Zealand
  • Carbofer General Trading SA - India
  • Siam City Cement PLC, Thailand
  • Central Electricity Authority - India
  • Core Mineral Indonesia
  • Aboitiz Power Corporation - Philippines
  • Makarim & Taira - Indonesia
  • Star Paper Mills Limited - India
  • Tanito Harum - Indonesia
  • Sarangani Energy Corporation, Philippines
  • The India Cements Ltd
  • KPCL - India
  • Sakthi Sugars Limited - India
  • Bhushan Steel Limited - India
  • EIA - United States
  • Ince & co LLP
  • Vale Mozambique
  • Coeclerici Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Siam City Cement - Thailand
  • UBS Singapore
  • Ernst & Young Pvt. Ltd.
  • Asian Development Bank
  • Bukit Asam (Persero) Tbk - Indonesia
  • Platts
  • Rashtriya Ispat Nigam Limited - India
  • Arch Coal - USA
  • Gujarat Electricity Regulatory Commission - India
  • ING Bank NV - Singapore
  • Noble Europe Ltd - UK
  • Lafarge - France
  • KPMG - USA
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Renaissance Capital - South Africa
  • Baramulti Group, Indonesia
  • Coal India Limited
  • Sindya Power Generating Company Private Ltd
  • Intertek Mineral Services - Indonesia
  • TANGEDCO India
  • Krishnapatnam Port Company Ltd. - India
  • Global Coal Blending Company Limited - Australia
  • CIMB Investment Bank - Malaysia
  • Bhoruka Overseas - Indonesia
  • Sucofindo - Indonesia
  • APGENCO India
  • Africa Commodities Group - South Africa
  • Maybank - Singapore
  • Vitol - Bahrain
  • Cebu Energy, Philippines
  • DBS Bank - Singapore
  • Coal Orbis AG
  • Kideco Jaya Agung - Indonesia
  • Oldendorff Carriers - Singapore
  • Directorate Of Revenue Intelligence - India
  • Antam Resourcindo - Indonesia
  • Inco-Indonesia
  • Argus Media - Singapore
  • NTPC Limited - India
  • Humpuss - Indonesia
  • SGS (Thailand) Limited
  • Indika Energy - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Fearnleys - India
  • Kartika Selabumi Mining - Indonesia
  • SRK Consulting
  • ICICI Bank Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Bank of China, Malaysia
  • SN Aboitiz Power Inc, Philippines
  • Bukit Baiduri Energy - Indonesia
  • PLN Batubara - Indonesia
  • Cargill India Pvt Ltd
  • Directorate General of MIneral and Coal - Indonesia
  • Sical Logistics Limited - India
  • San Jose City I Power Corp, Philippines
  • Vijayanagar Sugar Pvt Ltd - India