COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...


Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.  The Cape index up by 10.32 pct ...


Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...


Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...


Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...


   1187 1188 1189 1190 1191   
Showing 5941 to 5945 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Platou - Singapore
  • Port Waratah Coal Services - Australia
  • Africa Commodities Group - South Africa
  • ING Bank NV - Singapore
  • Panama Canal Authority
  • TNB Fuel Sdn Bhd - Malaysia
  • Georgia Ports Authority, United States
  • GVK Power & Infra Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • White Energy Company Limited
  • Ambuja Cements Ltd - India
  • Lafarge - France
  • Central Java Power - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Sarangani Energy Corporation, Philippines
  • Credit Suisse - India
  • Therma Luzon, Inc, Philippines
  • Sical Logistics Limited - India
  • Sojitz Corporation - Japan
  • Anglo American - United Kingdom
  • Vijayanagar Sugar Pvt Ltd - India
  • JPMorgan - India
  • Russian Coal LLC
  • Karbindo Abesyapradhi - Indoneisa
  • Wilmar Investment Holdings
  • Indogreen Group - Indonesia
  • Berau Coal - Indonesia
  • Medco Energi Mining Internasional
  • JPower - Japan
  • PetroVietnam
  • Indo Tambangraya Megah - Indonesia
  • bp singapore
  • CESC Limited - India
  • Argus Media - Singapore
  • TGV SRAAC LIMITED, India
  • Sucofindo - Indonesia
  • Independent Power Producers Association of India
  • IBC Asia (S) Pte Ltd
  • GB Group - China
  • Wood Mackenzie - Singapore
  • Platts
  • San Jose City I Power Corp, Philippines
  • Britmindo - Indonesia
  • Parry Sugars Refinery, India
  • BNP Paribas - Singapore
  • RBS Sempra - UK
  • Videocon Industries ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • Planning Commission, India
  • Shenhua Group - China
  • Electricity Generating Authority of Thailand
  • South Luzon Thermal Energy Corporation
  • Indian Oil Corporation Limited
  • Gujarat Sidhee Cement - India
  • LBH Netherlands Bv - Netherlands
  • Global Business Power Corporation, Philippines
  • Interocean Group of Companies - India
  • Bukit Baiduri Energy - Indonesia
  • Ministry of Finance - Indonesia
  • Mitra SK Pvt Ltd - India
  • Clarksons - UK
  • Mintek Dendrill Indonesia
  • Maheswari Brothers Coal Limited - India
  • PNOC Exploration Corporation - Philippines
  • Bangkok Bank PCL
  • Barclays Capital - USA
  • Asian Development Bank
  • Mercuria Energy - Indonesia
  • Glencore India Pvt. Ltd
  • Directorate Of Revenue Intelligence - India
  • KEPCO - South Korea
  • Kaltim Prima Coal - Indonesia
  • Antam Resourcindo - Indonesia
  • Dalmia Cement Bharat India
  • The University of Queensland
  • Agrawal Coal Company - India
  • Goldman Sachs - Singapore
  • Renaissance Capital - South Africa
  • Enel Italy
  • Straits Asia Resources Limited - Singapore
  • DBS Bank - Singapore
  • Global Green Power PLC Corporation, Philippines
  • Bukit Makmur.PT - Indonesia
  • NTPC Limited - India
  • Aboitiz Power Corporation - Philippines
  • Permata Bank - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Kobe Steel Ltd - Japan
  • Thiess Contractors Indonesia
  • Cargill India Pvt Ltd
  • Bhatia International Limited - India
  • Toyota Tsusho Corporation, Japan
  • IMC Shipping - Singapore
  • Coal India Limited
  • European Bulk Services B.V. - Netherlands
  • SGS (Thailand) Limited
  • Petrochimia International Co. Ltd.- Taiwan
  • Bhushan Steel Limited - India
  • Karaikal Port Pvt Ltd - India
  • Eastern Coal Council - USA
  • Thermax Limited - India
  • Vedanta Resources Plc - India
  • Essar Steel Hazira Ltd - India
  • IHS Mccloskey Coal Group - USA
  • Bharathi Cement Corporation - India
  • PLN - Indonesia
  • Peabody Energy - USA
  • Carbofer General Trading SA - India
  • Chamber of Mines of South Africa
  • Cigading International Bulk Terminal - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • The Treasury - Australian Government
  • Australian Coal Association
  • Meenaskhi Energy Private Limited - India
  • Mjunction Services Limited - India
  • SRK Consulting
  • Coastal Gujarat Power Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • KPCL - India
  • Moodys - Singapore
  • Star Paper Mills Limited - India
  • Intertek Mineral Services - Indonesia
  • Inco-Indonesia
  • Metalloyd Limited - United Kingdom
  • Bukit Asam (Persero) Tbk - Indonesia
  • Cemex - Philippines
  • Geoservices-GeoAssay Lab
  • Humpuss - Indonesia
  • Economic Council, Georgia
  • Vizag Seaport Private Limited - India
  • Malco - India
  • Samsung - South Korea
  • Ind-Barath Power Infra Limited - India
  • Indonesian Coal Mining Association
  • Kepco SPC Power Corporation, Philippines
  • Formosa Plastics Group - Taiwan
  • Semirara Mining and Power Corporation, Philippines
  • PTC India Limited - India
  • Attock Cement Pakistan Limited
  • Merrill Lynch Bank
  • Asmin Koalindo Tuhup - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Rudhra Energy - India
  • TNPL - India
  • SMC Global Power, Philippines
  • ICICI Bank Limited - India
  • ASAPP Information Group - India
  • Ernst & Young Pvt. Ltd.
  • Kalimantan Lumbung Energi - Indonesia
  • Pinang Coal Indonesia
  • Energy Development Corp, Philippines
  • Bhoruka Overseas - Indonesia
  • The India Cements Ltd
  • Posco Energy - South Korea
  • Salva Resources Pvt Ltd - India
  • Japan Coal Energy Center
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Tata Chemicals Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Coal and Oil Company - UAE
  • Baramulti Group, Indonesia
  • OCBC - Singapore
  • Asia Cement - Taiwan
  • Coal Orbis AG
  • Barasentosa Lestari - Indonesia
  • Maersk Broker
  • Binh Thuan Hamico - Vietnam
  • Petron Corporation, Philippines
  • Coaltrans Conferences
  • Sree Jayajothi Cements Limited - India
  • Reliance Power - India
  • Alfred C Toepfer International GmbH - Germany
  • World Bank
  • Price Waterhouse Coopers - Russia
  • Commonwealth Bank - Australia
  • Eastern Energy - Thailand
  • Mercator Lines Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Merrill Lynch Commodities Europe
  • Coeclerici Indonesia
  • Standard Chartered Bank - UAE
  • OPG Power Generation Pvt Ltd - India
  • ANZ Bank - Australia
  • Cosco
  • AsiaOL BioFuels Corp., Philippines
  • Makarim & Taira - Indonesia
  • Sakthi Sugars Limited - India
  • PLN Batubara - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • WorleyParsons
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Arutmin Indonesia
  • NALCO India
  • Savvy Resources Ltd - HongKong
  • Deloitte Consulting - India
  • New Zealand Coal & Carbon
  • Ince & co LLP
  • BRS Brokers - Singapore
  • Maruti Cements - India
  • Siam City Cement PLC, Thailand
  • Vitol - Bahrain
  • Timah Investasi Mineral - Indoneisa
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • ETA - Dubai
  • Billiton Holdings Pty Ltd - Australia
  • Inspectorate - India
  • Noble Europe Ltd - UK
  • Bank of America
  • Oldendorff Carriers - Singapore
  • Edison Trading Spa - Italy
  • Maybank - Singapore
  • SMG Consultants - Indonesia
  • Freeport Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Samtan Co., Ltd - South Korea
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Vale Mozambique
  • Mitsubishi Corporation
  • World Coal - UK
  • Cardiff University - UK
  • Fearnleys - India
  • Xstrata Coal
  • Globalindo Alam Lestari - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • CIMB Investment Bank - Malaysia
  • Ministry of Transport, Egypt
  • IEA Clean Coal Centre - UK
  • U S Energy Resources
  • EMO - The Netherlands
  • Bahari Cakrawala Sebuku - Indonesia
  • Marubeni Corporation - India
  • Central Electricity Authority - India
  • Petrosea - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Grasim Industreis Ltd - India
  • Altura Mining Limited, Indonesia
  • Kideco Jaya Agung - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Power Finance Corporation Ltd., India
  • Tanito Harum - Indonesia
  • Tamil Nadu electricity Board
  • Riau Bara Harum - Indonesia
  • GHCL Limited - India
  • Rio Tinto Coal - Australia
  • Madhucon Powers Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • Latin American Coal - Colombia
  • Idemitsu - Japan
  • MS Steel International - UAE
  • CoalTek, United States
  • Bangladesh Power Developement Board
  • Infraline Energy - India
  • London Commodity Brokers - England
  • globalCOAL - UK
  • Kohat Cement Company Ltd. - Pakistan
  • Arch Coal - USA
  • Singapore Mercantile Exchange
  • J M Baxi & Co - India
  • Jaiprakash Power Ventures ltd
  • PowerSource Philippines DevCo
  • Neyveli Lignite Corporation Ltd, - India
  • VISA Power Limited - India
  • TeaM Sual Corporation - Philippines
  • Trasteel International SA, Italy
  • Siam City Cement - Thailand
  • IOL Indonesia
  • Parliament of New Zealand
  • Australian Commodity Traders Exchange
  • Orica Australia Pty. Ltd.
  • UOB Asia (HK) Ltd
  • Bulk Trading Sa - Switzerland
  • GAC Shipping (India) Pvt Ltd
  • Uttam Galva Steels Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Energy Link Ltd, New Zealand
  • McKinsey & Co - India
  • Kapuas Tunggal Persada - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Pendopo Energi Batubara - Indonesia
  • Borneo Indobara - Indonesia
  • SUEK AG - Indonesia
  • Indonesia Power. PT
  • Indika Energy - Indonesia
  • Lanco Infratech Ltd - India
  • GNFC Limited - India
  • SASOL - South Africa
  • Indian School of Mines
  • Bank of China, Malaysia
  • Ministry of Mines - Canada
  • Cebu Energy, Philippines
  • TANGEDCO India
  • Kumho Petrochemical, South Korea
  • Mechel - Russia
  • Adani Power Ltd - India
  • UBS Singapore
  • EIA - United States
  • Surastha Cement
  • Qatrana Cement - Jordan
  • Banpu Public Company Limited - Thailand
  • Minerals Council of Australia
  • Ceylon Electricity Board - Sri Lanka
  • APGENCO India
  • Rashtriya Ispat Nigam Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Gupta Coal India Ltd
  • The State Trading Corporation of India Ltd
  • KOWEPO - South Korea
  • Thriveni
  • Adaro Indonesia
  • CCIC - Indonesia
  • HSBC - Hong Kong
  • Larsen & Toubro Limited - India
  • Shree Cement - India
  • Jorong Barutama Greston.PT - Indonesia
  • McConnell Dowell - Australia
  • Runge Indonesia
  • Iligan Light & Power Inc, Philippines
  • Electricity Authority, New Zealand
  • ACC Limited - India
  • Core Mineral Indonesia
  • Thomson Reuters GRC
  • GMR Energy Limited - India
  • Thai Mozambique Logistica
  • Manunggal Multi Energi - Indonesia
  • Orica Mining Services - Indonesia
  • Thailand Anthracite
  • Simpson Spence & Young - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Jindal Steel & Power Ltd - India
  • Total Coal South Africa
  • Meralco Power Generation, Philippines
  • Aditya Birla Group - India
  • Tata Power - India
  • KPMG - USA
  • Semirara Mining Corp, Philippines
  • Coalindo Energy - Indonesia
  • MEC Coal - Indonesia
  • Romanian Commodities Exchange
  • Indian Energy Exchange, India
  • Mitsui
  • Deutsche Bank - India
  • Malabar Cements Ltd - India
  • Indorama - Singapore
  • Xindia Steels Limited - India
  • Jatenergy - Australia
  • Heidelberg Cement - Germany
  • GN Power Mariveles Coal Plant, Philippines
  • Cement Manufacturers Association - India
  • India Bulls Power Limited - India
  • TRAFIGURA, South Korea
  • CNBM International Corporation - China
  • Gresik Semen - Indonesia