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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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Tuesday, 26 October 10
INDONESIA SHIPPED 5.32 PERCENT LESS COAL IN SEPTEMBER 10
COALspot.com: Indonesia, the world largest coal exporter, shipped 21,661,817 MT of coal in September 2010, which is 5.32 percent lesser than Au ...
Tuesday, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77 ...
Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...
Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...
Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...
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- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
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