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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, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining ...
Friday, 08 May 09
B.C.'S MINING INDUSTRY HIGH COAL PRICES TO RECORD 2008 PROFITS - PAGUNTAKA
AGGREGATE pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
B.C.’s minin ...
Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $6 ...
Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine mo ...
Tuesday, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...
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- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
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