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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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Saturday, 23 October 10
HEAVY RAINS NO DAMPENER FOR 2010 COAL OUTPUT TARGET, MINISTRY SAYS - THE JAKARTA GLOBE
The Jakarta Globe reported that, National coal production would likely meet the target set by the Energy Ministry despite unusually heavy rain this ...
Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
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- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- ASAPP Information Group - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
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