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, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy The  Atlantic  markets  remain  flat  and  lackluster.  High  volume  of  tonnage availabi ...


Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...


Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...


Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...


Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points. The feast/SE Asia ...


   1107 1108 1109 1110 1111   
Showing 5541 to 5545 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 ...

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