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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, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
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- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
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