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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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Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
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- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Posco Energy - South Korea
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- PTC India Limited - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
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