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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, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
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- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- PTC India Limited - India
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- McConnell Dowell - Australia
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
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