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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Planning Commission, India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
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