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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, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
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- Thai Mozambique Logistica
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- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
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- The University of Queensland
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- The State Trading Corporation of India Ltd
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- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
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- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Banpu Public Company Limited - Thailand
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- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
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- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
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- Medco Energi Mining Internasional
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- Bukit Asam (Persero) Tbk - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
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- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
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- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
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- Parry Sugars Refinery, India
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- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
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- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
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- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
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- Pendopo Energi Batubara - Indonesia
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- CNBM International Corporation - China
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Independent Power Producers Association of India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- PTC India Limited - India
- Rio Tinto Coal - Australia
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- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
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