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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
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- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Malabar Cements Ltd - India
- The University of Queensland
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Parliament of New Zealand
- ICICI Bank Limited - India
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