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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 $1.1 billion.
“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.
However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard
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Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
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- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Economic Council, Georgia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- PTC India Limited - India
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- MS Steel International - UAE
- Planning Commission, India
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
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