COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points. The Cape and Panamax index was almost ...


Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...


Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...


Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...


Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...


   1120 1121 1122 1123 1124   
Showing 5606 to 5610 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Ambuja Cements Ltd - India
  • Vitol - Bahrain
  • Borneo Indobara - Indonesia
  • Savvy Resources Ltd - HongKong
  • Indian School of Mines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • World Coal - UK
  • Central Electricity Authority - India
  • BRS Brokers - Singapore
  • JPMorgan - India
  • South Luzon Thermal Energy Corporation
  • Altura Mining Limited, Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Romanian Commodities Exchange
  • TeaM Sual Corporation - Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Holcim Trading Pte Ltd - Singapore
  • Cosco
  • Star Paper Mills Limited - India
  • Cement Manufacturers Association - India
  • Global Coal Blending Company Limited - Australia
  • Bangladesh Power Developement Board
  • Thomson Reuters GRC
  • Global Green Power PLC Corporation, Philippines
  • Chamber of Mines of South Africa
  • Rashtriya Ispat Nigam Limited - India
  • IBC Asia (S) Pte Ltd
  • Adani Power Ltd - India
  • Mitsui
  • Minerals Council of Australia
  • Maersk Broker
  • Manunggal Multi Energi - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • New Zealand Coal & Carbon
  • SRK Consulting
  • Maruti Cements - India
  • MS Steel International - UAE
  • KEPCO - South Korea
  • Indorama - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • Orica Australia Pty. Ltd.
  • SMG Consultants - Indonesia
  • Japan Coal Energy Center
  • Reliance Power - India
  • Dalmia Cement Bharat India
  • Gujarat Sidhee Cement - India
  • Noble Europe Ltd - UK
  • Britmindo - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Trasteel International SA, Italy
  • SMC Global Power, Philippines
  • Independent Power Producers Association of India
  • Enel Italy
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Straits Asia Resources Limited - Singapore
  • Power Finance Corporation Ltd., India
  • PowerSource Philippines DevCo
  • Kartika Selabumi Mining - Indonesia
  • Uttam Galva Steels Limited - India
  • ETA - Dubai
  • Karbindo Abesyapradhi - Indoneisa
  • Formosa Plastics Group - Taiwan
  • Indonesian Coal Mining Association
  • Banpu Public Company Limited - Thailand
  • Bharathi Cement Corporation - India
  • Coeclerici Indonesia
  • Indika Energy - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Miang Besar Coal Terminal - Indonesia
  • Asia Cement - Taiwan
  • Ministry of Finance - Indonesia
  • NALCO India
  • Deutsche Bank - India
  • Kumho Petrochemical, South Korea
  • Petrosea - Indonesia
  • GB Group - China
  • Electricity Generating Authority of Thailand
  • PetroVietnam Power Coal Import and Supply Company
  • J M Baxi & Co - India
  • International Coal Ventures Pvt Ltd - India
  • Freeport Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Tamil Nadu electricity Board
  • Permata Bank - Indonesia
  • Siam City Cement - Thailand
  • McConnell Dowell - Australia
  • Oldendorff Carriers - Singapore
  • Coastal Gujarat Power Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • CCIC - Indonesia
  • Mercuria Energy - Indonesia
  • Asian Development Bank
  • Deloitte Consulting - India
  • Metalloyd Limited - United Kingdom
  • CoalTek, United States
  • Bukit Makmur.PT - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Indian Energy Exchange, India
  • PLN Batubara - Indonesia
  • JPower - Japan
  • World Bank
  • Cebu Energy, Philippines
  • Ernst & Young Pvt. Ltd.
  • LBH Netherlands Bv - Netherlands
  • Coal Orbis AG
  • Commonwealth Bank - Australia
  • Globalindo Alam Lestari - Indonesia
  • Planning Commission, India
  • KOWEPO - South Korea
  • Kepco SPC Power Corporation, Philippines
  • globalCOAL - UK
  • Meenaskhi Energy Private Limited - India
  • Thriveni
  • Neyveli Lignite Corporation Ltd, - India
  • Siam City Cement PLC, Thailand
  • Eastern Coal Council - USA
  • Cardiff University - UK
  • Wilmar Investment Holdings
  • Sakthi Sugars Limited - India
  • Kobexindo Tractors - Indoneisa
  • Vijayanagar Sugar Pvt Ltd - India
  • KPCL - India
  • Adaro Indonesia
  • Geoservices-GeoAssay Lab
  • IOL Indonesia
  • Pinang Coal Indonesia
  • Arch Coal - USA
  • Surastha Cement
  • DBS Bank - Singapore
  • Samsung - South Korea
  • Cargill India Pvt Ltd
  • Glencore India Pvt. Ltd
  • Aditya Birla Group - India
  • White Energy Company Limited
  • Maheswari Brothers Coal Limited - India
  • London Commodity Brokers - England
  • Latin American Coal - Colombia
  • Bukit Baiduri Energy - Indonesia
  • WorleyParsons
  • OPG Power Generation Pvt Ltd - India
  • Infraline Energy - India
  • The India Cements Ltd
  • Indonesia Power. PT
  • Gupta Coal India Ltd
  • EIA - United States
  • Malabar Cements Ltd - India
  • GHCL Limited - India
  • Thiess Contractors Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Ministry of Transport, Egypt
  • Goldman Sachs - Singapore
  • CIMB Investment Bank - Malaysia
  • ANZ Bank - Australia
  • Total Coal South Africa
  • Argus Media - Singapore
  • Madhucon Powers Ltd - India
  • Mercator Lines Limited - India
  • Kideco Jaya Agung - Indonesia
  • Bhatia International Limited - India
  • Thai Mozambique Logistica
  • McKinsey & Co - India
  • TRAFIGURA, South Korea
  • UBS Singapore
  • Vedanta Resources Plc - India
  • Indo Tambangraya Megah - Indonesia
  • GVK Power & Infra Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Energy Development Corp, Philippines
  • Meralco Power Generation, Philippines
  • Renaissance Capital - South Africa
  • Malco - India
  • Sinarmas Energy and Mining - Indonesia
  • Tata Power - India
  • Petron Corporation, Philippines
  • EMO - The Netherlands
  • Australian Coal Association
  • Baramulti Group, Indonesia
  • Bhushan Steel Limited - India
  • Therma Luzon, Inc, Philippines
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Barasentosa Lestari - Indonesia
  • Tata Chemicals Ltd - India
  • Mjunction Services Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • NTPC Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • CESC Limited - India
  • Makarim & Taira - Indonesia
  • Attock Cement Pakistan Limited
  • Port Waratah Coal Services - Australia
  • Gresik Semen - Indonesia
  • Singapore Mercantile Exchange
  • APGENCO India
  • ACC Limited - India
  • Berau Coal - Indonesia
  • Qatrana Cement - Jordan
  • Bangkok Bank PCL
  • TNPL - India
  • Coal India Limited
  • Marubeni Corporation - India
  • Peabody Energy - USA
  • Iligan Light & Power Inc, Philippines
  • Kalimantan Lumbung Energi - Indonesia
  • Australian Commodity Traders Exchange
  • Sical Logistics Limited - India
  • GMR Energy Limited - India
  • Thailand Anthracite
  • Bulk Trading Sa - Switzerland
  • Wood Mackenzie - Singapore
  • Vizag Seaport Private Limited - India
  • Directorate Of Revenue Intelligence - India
  • Bhoruka Overseas - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Semirara Mining and Power Corporation, Philippines
  • Essar Steel Hazira Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Mitsubishi Corporation
  • GAC Shipping (India) Pvt Ltd
  • Petrochimia International Co. Ltd.- Taiwan
  • Samtan Co., Ltd - South Korea
  • GN Power Mariveles Coal Plant, Philippines
  • Humpuss - Indonesia
  • Ministry of Mines - Canada
  • Jatenergy - Australia
  • Parliament of New Zealand
  • Carbofer General Trading SA - India
  • SN Aboitiz Power Inc, Philippines
  • Edison Trading Spa - Italy
  • Medco Energi Mining Internasional
  • Grasim Industreis Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Maharashtra Electricity Regulatory Commission - India
  • Ince & co LLP
  • Maybank - Singapore
  • Interocean Group of Companies - India
  • Jaiprakash Power Ventures ltd
  • TGV SRAAC LIMITED, India
  • ICICI Bank Limited - India
  • Barclays Capital - USA
  • Videocon Industries ltd - India
  • CNBM International Corporation - China
  • Rudhra Energy - India
  • Sucofindo - Indonesia
  • Mintek Dendrill Indonesia
  • Mechel - Russia
  • Ceylon Electricity Board - Sri Lanka
  • Central Java Power - Indonesia
  • Xindia Steels Limited - India
  • Kaltim Prima Coal - Indonesia
  • IEA Clean Coal Centre - UK
  • BNP Paribas - Singapore
  • Lafarge - France
  • Moodys - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • KPMG - USA
  • Standard Chartered Bank - UAE
  • Salva Resources Pvt Ltd - India
  • Larsen & Toubro Limited - India
  • SGS (Thailand) Limited
  • IHS Mccloskey Coal Group - USA
  • Bank of China, Malaysia
  • Runge Indonesia
  • Aboitiz Power Corporation - Philippines
  • Tanito Harum - Indonesia
  • Antam Resourcindo - Indonesia
  • Georgia Ports Authority, United States
  • SUEK AG - Indonesia
  • PTC India Limited - India
  • Coaltrans Conferences
  • Posco Energy - South Korea
  • Binh Thuan Hamico - Vietnam
  • Economic Council, Georgia
  • TANGEDCO India
  • Sindya Power Generating Company Private Ltd
  • Cigading International Bulk Terminal - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Lanco Infratech Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • Clarksons - UK
  • Indogreen Group - Indonesia
  • Bank of America
  • Global Business Power Corporation, Philippines
  • Africa Commodities Group - South Africa
  • Bayan Resources Tbk. - Indonesia
  • UOB Asia (HK) Ltd
  • Kapuas Tunggal Persada - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Russian Coal LLC
  • Core Mineral Indonesia
  • Arutmin Indonesia
  • Shenhua Group - China
  • GNFC Limited - India
  • Intertek Mineral Services - Indonesia
  • bp singapore
  • Thermax Limited - India
  • Ind-Barath Power Infra Limited - India
  • Mitra SK Pvt Ltd - India
  • The Treasury - Australian Government
  • The University of Queensland
  • Sojitz Corporation - Japan
  • Rio Tinto Coal - Australia
  • Credit Suisse - India
  • Platou - Singapore
  • Inco-Indonesia
  • Riau Bara Harum - Indonesia
  • Indian Oil Corporation Limited
  • RBS Sempra - UK
  • PetroVietnam
  • Energy Link Ltd, New Zealand
  • Price Waterhouse Coopers - Russia
  • Merrill Lynch Bank
  • Inspectorate - India
  • MEC Coal - Indonesia
  • Agrawal Coal Company - India
  • Shree Cement - India
  • U S Energy Resources
  • PNOC Exploration Corporation - Philippines
  • Coal and Oil Company - UAE
  • India Bulls Power Limited - India
  • VISA Power Limited - India
  • SASOL - South Africa
  • San Jose City I Power Corp, Philippines
  • Sree Jayajothi Cements Limited - India
  • Orica Mining Services - Indonesia
  • Eastern Energy - Thailand
  • Coalindo Energy - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Vale Mozambique
  • The State Trading Corporation of India Ltd
  • Idemitsu - Japan
  • Panama Canal Authority
  • OCBC - Singapore
  • Cemex - Philippines
  • Heidelberg Cement - Germany
  • Simpson Spence & Young - Indonesia
  • Parry Sugars Refinery, India
  • HSBC - Hong Kong
  • IMC Shipping - Singapore
  • ING Bank NV - Singapore
  • Sarangani Energy Corporation, Philippines
  • PLN - Indonesia
  • Xstrata Coal
  • Asmin Koalindo Tuhup - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Jindal Steel & Power Ltd - India
  • Kobe Steel Ltd - Japan
  • Semirara Mining Corp, Philippines
  • Electricity Authority, New Zealand
  • Merrill Lynch Commodities Europe
  • Platts
  • Anglo American - United Kingdom
  • Fearnleys - India
  • ASAPP Information Group - India