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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, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
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