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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, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
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- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Parliament of New Zealand
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
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