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

Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...


Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...


Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...


Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better ...


Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year. Kuzbasskaya Topli ...


   1102 1103 1104 1105 1106   
Showing 5516 to 5520 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 ...

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