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

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 ...


   1123 1124 1125 1126 1127   
Showing 5621 to 5625 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 ...

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