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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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Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Australian Coal Association
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- The University of Queensland
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
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