COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 12 March 09
ANALYSIS-FIRST NEW JAPAN COAL DEAL MAY NOT SET BENCHMARK - FOREXPROS.COM
* Informal coal-deal practice may come to an end this year * Buyers expected to ask for a discount * Biggest losers may be Chinese coal suppli ...


Thursday, 12 March 09
DEPARTMENT RECEIVES REPORT FROM GEOLOGICAL BODY AND NEDO - ESDM
The Geological Body of the Department of Energy and Mineral Resources have presented their Joint Study on Evaluation of Coal Resources and Reserves ...


Wednesday, 11 March 09
TENAGA SHARES CLIMB AS LOWER COAL PRICES CUT COSTS - BLOOMBERG
Bloomberg reported that, Tenaga Nasional Bhd., Malaysia’s state-controlled utility, climbed the most in a month in Kuala Lumpur trading as coal ...


Wednesday, 11 March 09
POSCO WINS 63% CUT IN PULVERIZED COAL PRICES, MACQUARIE SAYS - BLOOMBERG
Bloomberg reported that, Posco, Asia’s third-biggest steelmaker, has settled the first pulverized coal contracts for 2009 at $90 a metric ton ...


Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM
Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need ...


   1368 1369 1370 1371 1372   
Showing 6846 to 6850 news of total 6871
News by Category
Popular News
 
Total Members : 28,623
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Arutmin Indonesia
  • Manunggal Multi Energi - Indonesia
  • Wood Mackenzie - Singapore
  • Kobexindo Tractors - Indoneisa
  • Orica Mining Services - Indonesia
  • IEA Clean Coal Centre - UK
  • Global Green Power PLC Corporation, Philippines
  • Permata Bank - Indonesia
  • London Commodity Brokers - England
  • IOL Indonesia
  • Peabody Energy - USA
  • Directorate Of Revenue Intelligence - India
  • Oldendorff Carriers - Singapore
  • Carbofer General Trading SA - India
  • Shree Cement - India
  • PowerSource Philippines DevCo
  • Petrochimia International Co. Ltd.- Taiwan
  • The India Cements Ltd
  • European Bulk Services B.V. - Netherlands
  • Cemex - Philippines
  • Sojitz Corporation - Japan
  • GMR Energy Limited - India
  • Siam City Cement PLC, Thailand
  • Videocon Industries ltd - India
  • Globalindo Alam Lestari - Indonesia
  • GNFC Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • bp singapore
  • Asia Cement - Taiwan
  • Merrill Lynch Bank
  • CoalTek, United States
  • globalCOAL - UK
  • Port Waratah Coal Services - Australia
  • Maybank - Singapore
  • Petron Corporation, Philippines
  • Thailand Anthracite
  • SASOL - South Africa
  • Mitsubishi Corporation
  • Kartika Selabumi Mining - Indonesia
  • Adani Power Ltd - India
  • Russian Coal LLC
  • Borneo Indobara - Indonesia
  • Meenaskhi Energy Private Limited - India
  • SRK Consulting
  • Petrosea - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Indorama - Singapore
  • Mintek Dendrill Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Bangladesh Power Developement Board
  • Kideco Jaya Agung - Indonesia
  • EMO - The Netherlands
  • SN Aboitiz Power Inc, Philippines
  • Cebu Energy, Philippines
  • Bukit Baiduri Energy - Indonesia
  • Infraline Energy - India
  • Cement Manufacturers Association - India
  • Gujarat Electricity Regulatory Commission - India
  • Australian Coal Association
  • Rudhra Energy - India
  • Larsen & Toubro Limited - India
  • Jatenergy - Australia
  • Vedanta Resources Plc - India
  • Edison Trading Spa - Italy
  • Simpson Spence & Young - Indonesia
  • Indonesian Coal Mining Association
  • KPMG - USA
  • ING Bank NV - Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • KEPCO - South Korea
  • Credit Suisse - India
  • The State Trading Corporation of India Ltd
  • Goldman Sachs - Singapore
  • APGENCO India
  • Geoservices-GeoAssay Lab
  • Coal India Limited
  • Attock Cement Pakistan Limited
  • Ceylon Electricity Board - Sri Lanka
  • Aboitiz Power Corporation - Philippines
  • Trasteel International SA, Italy
  • U S Energy Resources
  • Rashtriya Ispat Nigam Limited - India
  • Malabar Cements Ltd - India
  • GB Group - China
  • Timah Investasi Mineral - Indoneisa
  • Heidelberg Cement - Germany
  • Parliament of New Zealand
  • Savvy Resources Ltd - HongKong
  • Bahari Cakrawala Sebuku - Indonesia
  • Coalindo Energy - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Maersk Broker
  • Star Paper Mills Limited - India
  • KOWEPO - South Korea
  • Electricity Authority, New Zealand
  • GN Power Mariveles Coal Plant, Philippines
  • Maheswari Brothers Coal Limited - India
  • Standard Chartered Bank - UAE
  • CCIC - Indonesia
  • Indian School of Mines
  • Medco Energi Mining Internasional
  • Kalimantan Lumbung Energi - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Uttam Galva Steels Limited - India
  • Gujarat Sidhee Cement - India
  • Singapore Mercantile Exchange
  • GHCL Limited - India
  • Gresik Semen - Indonesia
  • Indian Energy Exchange, India
  • Sree Jayajothi Cements Limited - India
  • Romanian Commodities Exchange
  • SMG Consultants - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Africa Commodities Group - South Africa
  • SMC Global Power, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Malco - India
  • GVK Power & Infra Limited - India
  • Semirara Mining Corp, Philippines
  • Idemitsu - Japan
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Argus Media - Singapore
  • Sakthi Sugars Limited - India
  • TeaM Sual Corporation - Philippines
  • Ince & co LLP
  • Sarangani Energy Corporation, Philippines
  • Kumho Petrochemical, South Korea
  • BRS Brokers - Singapore
  • Kapuas Tunggal Persada - Indonesia
  • Central Java Power - Indonesia
  • Intertek Mineral Services - Indonesia
  • WorleyParsons
  • Merrill Lynch Commodities Europe
  • Wilmar Investment Holdings
  • ETA - Dubai
  • Iligan Light & Power Inc, Philippines
  • Bangkok Bank PCL
  • Mechel - Russia
  • Runge Indonesia
  • Inco-Indonesia
  • McKinsey & Co - India
  • Salva Resources Pvt Ltd - India
  • Indika Energy - Indonesia
  • Madhucon Powers Ltd - India
  • KPCL - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Cosco
  • Formosa Plastics Group - Taiwan
  • Lafarge - France
  • TANGEDCO India
  • Indian Oil Corporation Limited
  • Humpuss - Indonesia
  • Vitol - Bahrain
  • NTPC Limited - India
  • Panama Canal Authority
  • Glencore India Pvt. Ltd
  • Mitra SK Pvt Ltd - India
  • Tanito Harum - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Indogreen Group - Indonesia
  • Moodys - Singapore
  • Energy Development Corp, Philippines
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Cardiff University - UK
  • Interocean Group of Companies - India
  • Mercuria Energy - Indonesia
  • Commonwealth Bank - Australia
  • Economic Council, Georgia
  • Arch Coal - USA
  • Global Coal Blending Company Limited - Australia
  • Deutsche Bank - India
  • Clarksons - UK
  • Straits Asia Resources Limited - Singapore
  • Bank of China, Malaysia
  • Miang Besar Coal Terminal - Indonesia
  • Ind-Barath Power Infra Limited - India
  • JPMorgan - India
  • Ernst & Young Pvt. Ltd.
  • Toyota Tsusho Corporation, Japan
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • IHS Mccloskey Coal Group - USA
  • Bulk Trading Sa - Switzerland
  • Coastal Gujarat Power Limited - India
  • Dalmia Cement Bharat India
  • PetroVietnam
  • Rio Tinto Coal - Australia
  • Siam City Cement - Thailand
  • ANZ Bank - Australia
  • Karaikal Port Pvt Ltd - India
  • Tata Power - India
  • TGV SRAAC LIMITED, India
  • Kepco SPC Power Corporation, Philippines
  • Karbindo Abesyapradhi - Indoneisa
  • ACC Limited - India
  • Banpu Public Company Limited - Thailand
  • Berau Coal - Indonesia
  • Sical Logistics Limited - India
  • The Treasury - Australian Government
  • San Jose City I Power Corp, Philippines
  • Metalloyd Limited - United Kingdom
  • Gujarat Mineral Development Corp Ltd - India
  • Freeport Indonesia
  • Antam Resourcindo - Indonesia
  • Kobe Steel Ltd - Japan
  • Sindya Power Generating Company Private Ltd
  • Bhushan Steel Limited - India
  • New Zealand Coal & Carbon
  • Australian Commodity Traders Exchange
  • Parry Sugars Refinery, India
  • GAC Shipping (India) Pvt Ltd
  • Core Mineral Indonesia
  • Deloitte Consulting - India
  • Chettinad Cement Corporation Ltd - India
  • Thriveni
  • Global Business Power Corporation, Philippines
  • MEC Coal - Indonesia
  • Adaro Indonesia
  • Coeclerici Indonesia
  • IMC Shipping - Singapore
  • Indo Tambangraya Megah - Indonesia
  • Coal and Oil Company - UAE
  • CNBM International Corporation - China
  • Electricity Generating Authority of Thailand
  • Price Waterhouse Coopers - Russia
  • Makarim & Taira - Indonesia
  • PLN - Indonesia
  • Posco Energy - South Korea
  • Aditya Birla Group - India
  • Cargill India Pvt Ltd
  • Pinang Coal Indonesia
  • Mjunction Services Limited - India
  • Britmindo - Indonesia
  • Coal Orbis AG
  • Qatrana Cement - Jordan
  • Vizag Seaport Private Limited - India
  • Total Coal South Africa
  • Tata Chemicals Ltd - India
  • Ministry of Mines - Canada
  • UBS Singapore
  • Enel Italy
  • Semirara Mining and Power Corporation, Philippines
  • Eastern Coal Council - USA
  • Kohat Cement Company Ltd. - Pakistan
  • Anglo American - United Kingdom
  • Bhatia International Limited - India
  • OCBC - Singapore
  • Minerals Council of Australia
  • Mercator Lines Limited - India
  • Sucofindo - Indonesia
  • Power Finance Corporation Ltd., India
  • EIA - United States
  • Jindal Steel & Power Ltd - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Planning Commission, India
  • Lanco Infratech Ltd - India
  • MS Steel International - UAE
  • Orica Australia Pty. Ltd.
  • South Luzon Thermal Energy Corporation
  • Platts
  • Japan Coal Energy Center
  • Bhoruka Overseas - Indonesia
  • Latin American Coal - Colombia
  • ASAPP Information Group - India
  • Bukit Makmur.PT - Indonesia
  • Georgia Ports Authority, United States
  • PTC India Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • CESC Limited - India
  • ICICI Bank Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • VISA Power Limited - India
  • Bank of America
  • BNP Paribas - Singapore
  • HSBC - Hong Kong
  • Surastha Cement
  • Ministry of Transport, Egypt
  • Energy Link Ltd, New Zealand
  • Barclays Capital - USA
  • Agrawal Coal Company - India
  • Krishnapatnam Port Company Ltd. - India
  • Reliance Power - India
  • White Energy Company Limited
  • IBC Asia (S) Pte Ltd
  • Riau Bara Harum - Indonesia
  • Fearnleys - India
  • Meralco Power Generation, Philippines
  • Mitsui
  • Samsung - South Korea
  • Alfred C Toepfer International GmbH - Germany
  • DBS Bank - Singapore
  • Eastern Energy - Thailand
  • Noble Europe Ltd - UK
  • Vale Mozambique
  • Grasim Industreis Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Renaissance Capital - South Africa
  • Thai Mozambique Logistica
  • NALCO India
  • Gupta Coal India Ltd
  • PLN Batubara - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • UOB Asia (HK) Ltd
  • Maharashtra Electricity Regulatory Commission - India
  • Bharathi Cement Corporation - India
  • Inspectorate - India
  • Ministry of Finance - Indonesia
  • Chamber of Mines of South Africa
  • SGS (Thailand) Limited
  • Jorong Barutama Greston.PT - Indonesia
  • Altura Mining Limited, Indonesia
  • Platou - Singapore
  • Coaltrans Conferences
  • Pendopo Energi Batubara - Indonesia
  • SUEK AG - Indonesia
  • Xindia Steels Limited - India
  • RBS Sempra - UK
  • LBH Netherlands Bv - Netherlands
  • Neyveli Lignite Corporation Ltd, - India
  • McConnell Dowell - Australia
  • Baramulti Group, Indonesia
  • Essar Steel Hazira Ltd - India
  • Thermax Limited - India
  • Shenhua Group - China
  • World Coal - UK
  • Samtan Co., Ltd - South Korea
  • JPower - Japan
  • Pipit Mutiara Jaya. PT, Indonesia
  • Indonesia Power. PT
  • TRAFIGURA, South Korea
  • TNPL - India
  • Tamil Nadu electricity Board
  • The University of Queensland
  • World Bank
  • Independent Power Producers Association of India
  • CIMB Investment Bank - Malaysia
  • Leighton Contractors Pty Ltd - Australia
  • Xstrata Coal
  • Sinarmas Energy and Mining - Indonesia
  • J M Baxi & Co - India
  • India Bulls Power Limited - India
  • Central Electricity Authority - India
  • International Coal Ventures Pvt Ltd - India
  • Thomson Reuters GRC
  • Thiess Contractors Indonesia
  • Asian Development Bank
  • Maruti Cements - India
  • Therma Luzon, Inc, Philippines
  • Marubeni Corporation - India
  • Ambuja Cements Ltd - India
  • Jaiprakash Power Ventures ltd
  • Billiton Holdings Pty Ltd - Australia
  • Barasentosa Lestari - Indonesia
  • PNOC Exploration Corporation - Philippines