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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, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Australian Coal Association
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
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