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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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Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
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- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Planning Commission, India
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
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