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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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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- The University of Queensland
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Petron Corporation, Philippines
- Planning Commission, India
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
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