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, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
Further step on internationalization track Office in Mumbai Participation in demand for coal imports HMS Bergbau AG, is an international coal tra ...


Thursday, 05 November 09
SAM'S SEAFOOD HOLDINGS MOVES STEP CLOSER TO COAL EXPLORATION IN INDONESIA
Sam’s Seafood Holdings Limited, which is proposed to be renamed Pan Asia Corporation Limited, is moving closer to becoming an exploration and ...


Wednesday, 04 November 09
INDONESIA CAP ON COAL EXPORTS MAY HIT INDIAN POWER SECTOR
BL reported that Karnataka power sector is likely to be partially impacted by the Indonesian Government move to restrict coal exports. Private se ...


Wednesday, 04 November 09
SA 2010 COAL EXPORTS SEEN AT 65M TO 68M TONS - ANALYSTS
South Africa's thermal coal exports could rise to as high as 68 million tonnes in 2010 but are more likely to be 64-65 million compared to 60 milli ...


Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...


   1253 1254 1255 1256 1257   
Showing 6271 to 6275 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 ...

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