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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, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
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- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
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