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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, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
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- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Planning Commission, India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- White Energy Company Limited
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
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