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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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Sunday, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
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- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
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