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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, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
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