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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, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...
Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...
Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned electricity company forecasted its coal requirement in 2014 would be around 95 million tons.  ...
Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...
Tuesday, 15 June 10
INDONESIA'S COAL EXPORTS FELL TO 18.52 - MILLION TONS IN MAY
COALspot.com: Indonesia, the world largest coal exporter, shipped 18,529,695 of coal in May 2010. May coal exports dropped by 20.61 percent co ...
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- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Planning Commission, India
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
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