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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
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- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- PTC India Limited - India
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
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