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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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Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
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Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
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- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Parliament of New Zealand
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
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