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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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Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- MS Steel International - UAE
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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