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

Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...


Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...


Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...


Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...


Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...


   1225 1226 1227 1228 1229   
Showing 6131 to 6135 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 ...

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