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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, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
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- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- PTC India Limited - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
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