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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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Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...
Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...
Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...
Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...
Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...
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- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Coal and Oil Company - UAE
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Minerals Council of Australia
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
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