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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
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- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
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