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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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Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- The University of Queensland
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
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