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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, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
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- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- The University of Queensland
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
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