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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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Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
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