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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, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- GMR Energy Limited - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
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