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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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Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
Wednesday, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
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- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- The Treasury - Australian Government
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Posco Energy - South Korea
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
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