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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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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 ...
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- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Parliament of New Zealand
- 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
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - 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
- 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
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- 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
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Deloitte Consulting - India
- 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
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- 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
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
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