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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, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
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