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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, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- ASAPP Information Group - India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- The University of Queensland
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Planning Commission, India
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
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