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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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Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- Mercator Lines Limited - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Australian Coal Association
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
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