COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


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 ...


   1207 1208 1209 1210 1211   
Showing 6041 to 6045 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Essar Steel Hazira Ltd - India
  • Videocon Industries ltd - India
  • Eastern Energy - Thailand
  • GNFC Limited - India
  • MEC Coal - Indonesia
  • Moodys - Singapore
  • Energy Development Corp, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Merrill Lynch Commodities Europe
  • Grasim Industreis Ltd - India
  • KPMG - USA
  • Carbofer General Trading SA - India
  • Shree Cement - India
  • IHS Mccloskey Coal Group - USA
  • Cargill India Pvt Ltd
  • Binh Thuan Hamico - Vietnam
  • Bulk Trading Sa - Switzerland
  • Larsen & Toubro Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Parliament of New Zealand
  • ASAPP Information Group - India
  • Surastha Cement
  • J M Baxi & Co - India
  • Minerals Council of Australia
  • ICICI Bank Limited - India
  • Cebu Energy, Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Bangkok Bank PCL
  • CESC Limited - India
  • Vale Mozambique
  • Inspectorate - India
  • PetroVietnam
  • Tanito Harum - Indonesia
  • India Bulls Power Limited - India
  • Cemex - Philippines
  • Coal Orbis AG
  • 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
  • EMO - The Netherlands
  • Gujarat Electricity Regulatory Commission - India
  • Xstrata Coal
  • Bhushan Steel Limited - India
  • Ernst & Young Pvt. Ltd.
  • NTPC Limited - India
  • Total Coal South Africa
  • Mechel - Russia
  • 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
  • The India Cements Ltd
  • Bukit Makmur.PT - Indonesia
  • IOL Indonesia
  • Barclays Capital - USA
  • Asian Development Bank
  • ING Bank NV - Singapore
  • Rashtriya Ispat Nigam Limited - India
  • Maersk Broker
  • Standard Chartered Bank - UAE
  • Commonwealth Bank - Australia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Coaltrans Conferences
  • Global Business Power Corporation, Philippines
  • Mjunction Services Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Noble Europe Ltd - UK
  • Coalindo Energy - Indonesia
  • Intertek Mineral Services - Indonesia
  • RBS Sempra - UK
  • Romanian Commodities Exchange
  • Petrochimia International Co. Ltd.- Taiwan
  • ANZ Bank - Australia
  • Attock Cement Pakistan Limited
  • Jaiprakash Power Ventures ltd
  • Independent Power Producers Association of India
  • Marubeni Corporation - India
  • Banpu Public Company Limited - Thailand
  • World Coal - UK
  • 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
  • Clarksons - UK
  • Inco-Indonesia
  • Energy Link Ltd, New Zealand
  • PetroVietnam Power Coal Import and Supply Company
  • Central Java Power - Indonesia
  • Maybank - Singapore
  • Global Coal Blending Company Limited - Australia
  • Gujarat Sidhee Cement - India
  • Barasentosa Lestari - Indonesia
  • Georgia Ports Authority, United States
  • Samsung - South Korea
  • Madhucon Powers Ltd - India
  • NALCO India
  • Bahari Cakrawala Sebuku - Indonesia
  • SMC Global Power, Philippines
  • Adani Power Ltd - India
  • Meenaskhi Energy Private Limited - India
  • Baramulti Group, Indonesia
  • Gupta Coal India Ltd
  • Bharathi Cement Corporation - India
  • CoalTek, United States
  • Indorama - Singapore
  • Qatrana Cement - Jordan
  • Indonesian Coal Mining Association
  • Freeport Indonesia
  • TGV SRAAC LIMITED, India
  • bp singapore
  • Pinang Coal Indonesia
  • Indian Energy Exchange, India
  • ETA - Dubai
  • London Commodity Brokers - England
  • Vijayanagar Sugar Pvt Ltd - India
  • Mitra SK Pvt Ltd - India
  • Deutsche Bank - India
  • Mercuria Energy - Indonesia
  • Orica Australia Pty. Ltd.
  • SN Aboitiz Power Inc, Philippines
  • Chamber of Mines of South Africa
  • Vedanta Resources Plc - India
  • Cardiff University - UK
  • Asia Cement - Taiwan
  • Mitsubishi Corporation
  • Global Green Power PLC Corporation, Philippines
  • SMG Consultants - Indonesia
  • Indian Oil Corporation Limited
  • JPower - Japan
  • Central Electricity Authority - India
  • Vitol - Bahrain
  • Agrawal Coal Company - India
  • Australian Commodity Traders Exchange
  • Platts
  • Medco Energi Mining Internasional
  • Petrosea - Indonesia
  • Tata Power - India
  • UOB Asia (HK) Ltd
  • Petron Corporation, Philippines
  • OPG Power Generation Pvt Ltd - India
  • Argus Media - Singapore
  • Eastern Coal Council - USA
  • Cigading International Bulk Terminal - Indonesia
  • Kobexindo Tractors - Indoneisa
  • GMR Energy Limited - India
  • BNP Paribas - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • GB Group - China
  • Fearnleys - India
  • Idemitsu - Japan
  • Meralco Power Generation, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • SASOL - South Africa
  • GHCL Limited - India
  • Semirara Mining Corp, Philippines
  • Samtan Co., Ltd - South Korea
  • Berau Coal - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • PLN Batubara - Indonesia
  • Sical Logistics Limited - India
  • Britmindo - Indonesia
  • Heidelberg Cement - Germany
  • Directorate General of MIneral and Coal - Indonesia
  • HSBC - Hong Kong
  • Kobe Steel Ltd - Japan
  • Maruti Cements - India
  • World Bank
  • South Luzon Thermal Energy Corporation
  • PowerSource Philippines DevCo
  • TRAFIGURA, South Korea
  • Panama Canal Authority
  • KEPCO - South Korea
  • CIMB Investment Bank - Malaysia
  • Manunggal Multi Energi - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Shenhua Group - China
  • Siam City Cement - Thailand
  • KOWEPO - South Korea
  • Chettinad Cement Corporation Ltd - India
  • Geoservices-GeoAssay Lab
  • Peabody Energy - USA
  • Neyveli Lignite Corporation Ltd, - India
  • Arutmin Indonesia
  • Wood Mackenzie - Singapore
  • Permata Bank - Indonesia
  • The University of Queensland
  • Thai Mozambique Logistica
  • globalCOAL - UK
  • 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
  • Jatenergy - Australia
  • Power Finance Corporation Ltd., India
  • Kumho Petrochemical, South Korea
  • Thriveni
  • The State Trading Corporation of India Ltd
  • Rio Tinto Coal - Australia
  • International Coal Ventures Pvt Ltd - India
  • New Zealand Coal & Carbon
  • Coal India Limited
  • WorleyParsons
  • Arch Coal - USA
  • Posco Energy - South Korea
  • Coeclerici Indonesia
  • MS Steel International - UAE
  • Straits Asia Resources Limited - Singapore
  • SUEK AG - Indonesia
  • Cosco
  • Bayan Resources Tbk. - Indonesia
  • UBS Singapore
  • Antam Resourcindo - Indonesia
  • Sojitz Corporation - Japan
  • Gujarat Mineral Development Corp Ltd - India
  • Malco - India
  • Ambuja Cements Ltd - India
  • GVK Power & Infra Limited - India
  • Sindya Power Generating Company Private Ltd
  • Bank of China, Malaysia
  • TNPL - India
  • Kapuas Tunggal Persada - Indonesia
  • Bhoruka Overseas - Indonesia
  • Makarim & Taira - Indonesia
  • APGENCO India
  • Ministry of Mines - Canada
  • Kartika Selabumi Mining - Indonesia
  • ACC Limited - India
  • Bukit Baiduri Energy - Indonesia
  • BRS Brokers - Singapore
  • Sucofindo - Indonesia
  • KPCL - India
  • Credit Suisse - India
  • Semirara Mining and Power Corporation, Philippines
  • Orica Mining Services - Indonesia
  • Sakthi Sugars Limited - India
  • European Bulk Services B.V. - Netherlands
  • Adaro Indonesia
  • Rudhra Energy - India
  • CNBM International Corporation - China
  • Africa Commodities Group - South Africa
  • Simpson Spence & Young - Indonesia
  • Lafarge - France
  • Tamil Nadu electricity Board
  • TeaM Sual Corporation - Philippines
  • Deloitte Consulting - India
  • SRK Consulting
  • Mitsui
  • Thermax Limited - India
  • Bank of America
  • Electricity Authority, New Zealand
  • Aditya Birla Group - India
  • Toyota Tsusho Corporation, Japan
  • Japan Coal Energy Center
  • Borneo Indobara - Indonesia
  • White Energy Company Limited
  • Indika Energy - Indonesia
  • Thailand Anthracite
  • Platou - Singapore
  • Wilmar Investment Holdings
  • Thiess Contractors Indonesia
  • Cement Manufacturers Association - India
  • Goldman Sachs - Singapore
  • EIA - United States
  • 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
  • DBS Bank - Singapore
  • Edison Trading Spa - Italy
  • Star Paper Mills Limited - India
  • IMC Shipping - Singapore
  • Ind-Barath Power Infra Limited - India
  • Enel Italy
  • Indian School of Mines
  • Runge Indonesia
  • Maheswari Brothers Coal Limited - India
  • Bangladesh Power Developement Board
  • U S Energy Resources
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Jindal Steel & Power Ltd - India
  • JPMorgan - India
  • McKinsey & Co - India
  • Lanco Infratech Ltd - India
  • Thomson Reuters GRC
  • Kaltim Prima Coal - Indonesia
  • SGS (Thailand) Limited
  • Humpuss - Indonesia
  • Ince & co LLP
  • Parry Sugars Refinery, India
  • Russian Coal LLC
  • 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
  • OCBC - Singapore
  • Glencore India Pvt. Ltd
  • Kideco Jaya Agung - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Core Mineral Indonesia
  • VISA Power Limited - India
  • Planning Commission, India
  • TANGEDCO India
  • The Treasury - Australian Government
  • Iligan Light & Power Inc, Philippines
  • IBC Asia (S) Pte Ltd
  • Ministry of Transport, Egypt
  • Reliance Power - India
  • Gresik Semen - Indonesia
  • 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
  • Infraline Energy - India
  • Coal and Oil Company - UAE
  • Aboitiz Power Corporation - Philippines
  • Renaissance Capital - South Africa
  • CCIC - Indonesia
  • Merrill Lynch Bank
  • AsiaOL BioFuels Corp., Philippines
  • PLN - Indonesia
  • Indonesia Power. PT
  • Coastal Gujarat Power Limited - India