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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, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
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- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
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