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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- The University of Queensland
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
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