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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, 08 March 09
AUSTRALIA'S FELIX STUDYING COAL ACQUISITIONS IN INDIA, INDONESIA
Bloomberg reported that, Felix Resources Ltd., an Australian supplier of coal to Korea and Japan, is studying acquisitions of energy coal assets in ...
Saturday, 07 March 09
THERMAL COAL PRICES MAY DROP, STANDARD CHARTERED SAYS
Bloomberg reported that, Coal prices may decline as a slump in demand for the fuel outpaces cuts in production, Standard Chartered Plc said.
Exp ...
Friday, 06 March 09
STRAITS ASIA EYES 3RD MINE
Straitstimes reported that, Mining company Straits Asia Resources is on an expansion trail to more than double its output by 2012.
Amid the econo ...
Friday, 06 March 09
INDONESIA MAY MISS 2009 COAL OUTPUT TARGET-OFFICIAL
Indonesia, the world's top thermal coal exporter, may fail to achieve its coal production target this year as the global economic crisis dents dema ...
Friday, 06 March 09
POWER FIRMS HEAD TO INDONESIA FOR COAL
The Hindu Businessline reported that, The enactment of a new, more liberal, mining legislation in Indonesia is drawing coal-starved Indian power uti ...
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- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- PTC India Limited - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
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