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

Monday, 31 August 09
INDONESIA ADARO'S NET PROFIT SOARS 1,506 PERCENT ON HIGH PRICES
The Jakarta Post reported that, the country's second largest coal producer, PT Adaro Energy said Sunday that its first-half net profit soared 1,506 ...


Sunday, 30 August 09
THE FUTURES FOR THREE YEARS FOR 2010-2012 IS AROUND PANAMAX / US$ 15,500 & SUPRAMAX / US$ 13,500 PER DAY
COALspot.com (Singapore): The dry bulk market continued to be soft this week and the BDI was almost stable and closed at 2,421 points this week. ...


Friday, 28 August 09
INDONESIA SEEKS TO INCREASE COAL PRODUCTION TO BOLSTER REVENUE
The Jakarta Post, the leading english news paper in Indonesia reported that, Indonesia expects to increase coal production by up to 20 million tons ...


Friday, 28 August 09
MERCURIA ENERGY OPENS INDONESIA TRADING OFFICE
COALspot.com ( Indonesia): Mercuria Energy Group has opened a new office in Jakarta, Indonesia, focussed on trading coal. Jakarta-based Emanuele ...


Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains * Mining majors expected to buy not sell * South Africa a target, Indonesia less so By Jackie ...


   1291 1292 1293 1294 1295   
Showing 6461 to 6465 news of total 6871
News by Category
Popular News
 
Total Members : 28,623
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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