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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
 Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the resource sector are likely to pick up momentum in the coming year. After establishing a foothold in the global oil and gas asset market, India now eyes coal assets.
Meanwhile, the Indian government has proposed key changes in the existing mines and minerals development act (MMDR to allow trading of exploration and mining concessions to attract foreign investors. If the these legislative changes are approved, Indian mining sector, especially coal, might see a flurry of M&A activities.
"Given the proposed capacity addition in the power, steel and cement sectors, Indian companies are looking outside for coking and non-coking coal," Dilipkumar Jena, knowledge manager, mining and mineral advisory services, PwC, said.
Companies like Reliance Power, Tata Power, JSW and Lanco Infratech have acquired coal assets abroad. Others like NTPC and Steel Authority of India are scouting for the acquisition of coal assets.
"Indian companies are going for acquisition of coal assets abroad because there are issues in domestic coal supply. Besides, they have also realised that they can make profits by selling coal in the free market," Kuljit Singh, partner, infrastructure practice, Ernst and Young (EY), said.
"The acquired coal (thermal) will either go into power generation or trading, depending on where the profit is higher," Singh added.
The government is set to implement mandatory tariff-based competitive bidding from January 6. This could sharpen the appetite of Indian power project developers for acquiring thermal coal assets because secure fuel supply would be a critical factor in ensuring success in the upcoming bidding regime for the allocation of power projects.
"Power companies will continue to secure coal supplies overseas to feed power plants back in India," Kalpana Jain, senior director, Deloitte India, said. "We will have a lot of scramble for mining resources like coal and oil and gas. Even medium-sized companies can go out and buy assets abroad. Africa is going to be an important destination for Indian companies," Jain said.
"Shale gas acreages could also be of interest to Indian companies," she added. But Jain was less bullish on the prospect of M&A activities in the Indian oil and gas E&P industry.
"Many new players entered the Indian E&P market during the recent boom in the industry. But now there is a realisation that E&P business is complicated and capital-intensive," Jain said.
Ajay Arora, partner, and national oil & gas leaders, E&Y, sounded optimistic about the prospect of M&A activities. "More and larger-sized deals should be done in the coming year, in both the oil E&P and the mining sector," Arora told FE.
India's hunt for overseas coal assets is likely to become more frantic and wider than it quest for oil and gas reserves in the coming years, with the government charting ambitious infrastructural development plans.
It is mostly public sector companies like ONGC Videsh and Oil India that have been engaged in the pursuit of opportunities for the acquisition of oil and gas assets overseas.
But when it comes to the acquisition of coal assets, private and public sector companies are equally active. The bounce back in the economic growth might also encourage Indian companies to go out and acquire coal assets abroad.
Meanwhile, the domestic mining sector is also on the cusp of a major change, with the government planning key changes in the MMDR Act to allow transfer of mining leases "Most of foreign companies would be interested to invest in the Indian mining sector given the proposed changes in the MMDR Act, which provide for trading of exploration and mining concessions," Jena said.
"If the new mineral policy comes through, there will be a lot of inbound investment in the coal sector," the Deloitte consultant said
Source: FinancialExpress (By Noor Mohammad) / MSN
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Wednesday, 05 January 11
HIGHER COAL PRICES LIFT UP COAL STOCKS
Thermal coal price this month has gone up 5.63% to US$127.70 per ton today from mid last month at US$120.89 per ton.
Thermal coal price for next ...
Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- London Commodity Brokers - England
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- The University of Queensland
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
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