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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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Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
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- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- The University of Queensland
- Parliament of New Zealand
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Australian Coal Association
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
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