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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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Tuesday, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boos ...
Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near ...
Monday, 11 May 09
SOUTH AFRICA PROBLEMS SLOW INDIA COAL BUYING - MINE WEB
Indian imports of South African coal are likely to be close to 12 million tonnes in 2009, up from 10 million last year.
Indian coal buyers were a ...
Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic ac ...
Saturday, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG
China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure sup ...
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- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
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