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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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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 ...
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- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - 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
- Timah Investasi Mineral - Indoneisa
- 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
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Carbofer General Trading SA - 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
- Videocon Industries ltd - India
- 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
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- 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
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- White Energy Company Limited
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- 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
- 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
- Vijayanagar Sugar Pvt Ltd - India
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