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

Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...


Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes * India's demand seen as robust, at 70 mln tonnes Reuters reported that, Thermal coal i ...


Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...


Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...


Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...


   1240 1241 1242 1243 1244   
Showing 6206 to 6210 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 ...

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