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

Friday, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...


Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow  · Coastal Energen to build first merchant power plant · Tamil Nadu to see st ...


Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...


Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...


Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...


   1317 1318 1319 1320 1321   
Showing 6591 to 6595 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 ...

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