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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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Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
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- London Commodity Brokers - England
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
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