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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
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- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
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