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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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Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
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