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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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Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
Saturday, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
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- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
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