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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, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- CNBM International Corporation - China
- The University of Queensland
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Minerals Council of Australia
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