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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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Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- The University of Queensland
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- CNBM International Corporation - China
- Posco Energy - South Korea
- Star Paper Mills Limited - India
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