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Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
 Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power and CESC to jointly scout for overseas coal to bring down the cost of acquisition and also speed up the process of buying mines.
“We are talking to mega power companies, including the Tatas, to look for joint acquisition of coal assets,” said Ahmed Buhari, founder president of Coal & Oil (C&O) Group, a Rs 2,000-crore (US$ 447,116,313) company that imports more than 6 million tonnes of coal for its Indian users.
C&O Group is one of the leading suppliers of steam coal for companies such as the Tatas, Reliance Power, CESC, Gujarat Ambuja, Madras Cements and others. It also has long-term contracts with power producers that ensure continuous supplies for 7-10 years. When contacted by ET, utility companies declined to comment on the issue.
Some of these trading companies are also negotiating with utilities for an equity stake in return for supply of coal. The Singapore-based Middle East Coal, another trading company that has ownership of mines in Indonesia, has been negotiating with major Indian firms for securing a stake.
In an earlier interaction with ET, Middle East Coal vice-chairman Madhu Koneru said the supply of coal would be finalised for a 10-12 year period to ensure that power producers complete their projects. “It would also keep the prices down as contracted prices would typically be at cost level,” said Mr Koneru.
Demand for imported coal in India, which is widely used by power generators and steelmakers, has soared by about 16% over the past five years and is expected to rise more as companies use more of imported coal instead of Indian coal, due to the high ash content in the local resource.
The tight demand for coal has inflated the valuations of mines as global players are ready to offer higher prices for a stake in resource assets.
China is an active player here as the country's power plants buy and stockpile coal ahead of the winter and the summer to meet increasing demand. In August, in one of the largest acquisitions of a coal mine by an Indian company, the Ahmedabad-based Adani Enterprises bought Australia's Linc Energy's coal assets for Rs 12,600 crore in a cash-cum-royalty deal.
State-owned utility NTPC, which expects to import up to 15 million tonnes of coal next year, has also been active in buying coal mines overseas. Last month, NTPC said it plans to buy stakes in two Indonesian coal mines and will also invite global bids for more such assets.
Indian users import coal from countries like Australia, South Africa, and Indonesia, where most of the coal trading is also done. Indian players, rattled by tight supplies, are keen to leverage existing contracts that the traders have with their miners.
“We have been in the coal trading business for 17 years and have long-term supply agreements with mine owners. We, therefore, want to be associated with top-notch companies to extend this agreement,” said Mr Buhari.
The arrangement will also benefit trading companies as these are building power plants themselves. C&O is building a 1,200 megawatt power plant at Tuticorin in Tamil Nadu and is also investing in Chennai-based Meenakshi group that has interests in power and infrastructure.
The power sector is one of the largest consumers of coal in India, accounting for 71% of the country's coal demand, which is met through linkages with Coal India and Singareni Collieries. 1 INR = 0.0223558 USD
Source: Economic Times
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Monday, 11 October 10
INDONESIAN POWER PLANTS AND OTHER INDUSTRIES TO BURN 78.97 MLN TONS OF COAL IN 2011
COALspot.com: The Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree 2360 K/30/MEM/ 2010 related to Domestic mark ...
Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...
Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...
Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
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