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

Friday, 13 February 09
INDONESIA IS EXPECTED TO PRODUCE 225 MILLION TONES OF COAL IN 2009 - ENERGY MINISTRY
Indonesia, the world's top thermal coal exporter, will allocate 68.3 million tonnes of coal out of expected forecast production of 225 million ton ...


Friday, 06 February 09
INDONESIA'S COAL PORTS HAVE FORCED A RETHINK ON 'TRADITIONAL' HANDLING OPTIONS
Port Strategy reported that, Indonesia’s main coal-producing islands of Kalimantan, Sulawesi and Sumatra suffer from a scarcity of suitable la ...


Thursday, 22 January 09
MINISTER: MINING LAW PROHIBITS RAW MATERIAL EXPORT - ESDM
The Coal and Mining Law, approved during the House of Representatives plenary meeting on December 16, 2008 seeks to domestically increase mining com ...


Wednesday, 07 January 09
SOUTH KALIMANTAN COAL PRODUCTION EXPECTED TO INCREASE - ESDM
Coal production from the South Kalimantan region has the potential to increase in the next few years. Aside from the vast proven reserves of coal, s ...


Tuesday, 30 November 99
GLENCORE EXPECTS 2023 TRADING UNIT PROFITS OF UP TO $4 BLN - REUTERS
Glencore GLEN.L on Friday said it expects profits at its trading division this year of up to $4 billion, exceeding its long-term annual guidance. ...


   1371 1372 1373 1374 1375   
Showing 6866 to 6870 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 ...

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