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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- The University of Queensland
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Planning Commission, India
- Tamil Nadu electricity Board
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
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