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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, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- The University of Queensland
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Ministry of Transport, Egypt
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