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, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...


Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...


Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years Live Mint reported that, Essar Shipping ...


Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...


Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...


   1271 1272 1273 1274 1275   
Showing 6361 to 6365 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 ...

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