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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, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
Monday, 27 April 09
INDONESIA S.KALIMANTAN GETS COAL TRUCKS OFF PUBLIC ROADS - REUTERS
A local government in one of Indonesia's top coal-producing areas has banned coal and palm oil firms from using public roads because of the damage ...
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- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
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