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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Planning Commission, India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Australian Coal Association
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
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