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

Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...


Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...


Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...


Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition. "We ha ...


Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...


   1241 1242 1243 1244 1245   
Showing 6211 to 6215 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 ...

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