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

Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...


Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...


Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...


Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009  to China and 15. ...


Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...


   1214 1215 1216 1217 1218   
Showing 6076 to 6080 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 ...

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