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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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Thursday, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
Tuesday, 06 July 10
KEPCO, POSCO BUY AUSTRALIAN COAL MINES - CHOSUN
Chosun reported that, Electricity monopoly KEPCO and steelmaker POSCO have both bought coal mines in Australia.
KEPCO signed a 400 million Austra ...
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- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Planning Commission, India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
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