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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, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...
Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
COALspot.com : Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree related to Domestic market obligation (DMO) for ...
Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it ...
Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
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- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- PTC India Limited - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Planning Commission, India
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- The University of Queensland
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