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Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal miner. This will be Huaneng's first overseas coal mine acquisition deal with a controlling stake if it wins.
Huaneng Power International has submitted a bid for a 51 percent stake in PT Berau Coal. The deal is worth 1 billion US dollars. It will also enable the successful bidder to have the stable supply of coal for power generation. By the end of 2008, the Indonesian firm had coal reserves of 300 million tons. It produced 13.2 million tons of high quality coal last year.
China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal miner. This will be Huaneng's first overseas coal mine acquisition deal with a controlling stake if it wins
Xie Juchen, Branch Chairman of China Electricity Council, said, "The bidding suits the country's policies in this sector. It also suits the growth of Chinese power producers. Huaneng is going to be the first Chinese power company going overseas, and this is a very good example for other firms. "
Imported thermal coal is cheaper these days. The price averages between 65 to 70 US dollars per ton, which is attractive to China's coal-fired power plants. During the first half this year, China imported 40 million tons of coal, nearly double the amount in the same period last year.
If wins, Huaneng will use the coal to supply 15 power plants in China's southeast coal regions. PT Berau Coal also has a Dutch shareholder and a Japanese shareholder. Another 4 international coal enterprises have also submitted bids.
Source: CCTV
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Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
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- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Bhatia International Limited - India
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