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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, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
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- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Australian Coal Association
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
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