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Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
 "THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow, giving the subcontinent's commodity trader control of Linc's $1 billion Queensland coal asset", The Age / Business day reported.
Adani's billionaire chairman Gautam Adani met Linc's chief executive Peter Bond in Brisbane over the weekend and reached an agreement on the sale of Linc's Galilee coal tenement, believed to have reserves of 7 to 8 billion tonnes.
Sources close to the deal said Adani would invest in the project, setting a production target of over 50 million tones of coal in the next four years. Mr Adani will stay in Brisbane for the expected signing of the deal tomorrow.
The news confirms market expectations of an agreement. Shares in Linc soared nearly 18 per cent two weeks ago after Adani, a known suitor for its coal assets, announced it had raised $US850 million ($A961.3 million) via an institutional share sale.
At that point, Mr Bond did his best to hose down the fervent interest, saying Linc had ''not concluded any binding contract or finalised any material terms with any party'' and that it would ''immediately advise the market should this position change''.
That advice is expected imminently with both parties satisfied with the transaction. The Galilee tenement is one of three that Linc has had on the market. Talks on the sale of the remaining two are still under way, but deals on those is still some time away.
For Linc, the sale is a relief after it twice failed to offload non-core assets to separate Chinese parties. It frees up capital to direct into its main coal-to-liquids interests.
For Adani, the purchase fits with its strategy of building power plants throughout India to help meet rising demand for energy in Asia's third largest economy.
The coal reserves will help fuel a 13,200 megawatt power plant that it has on the drawing board in India.
Linc is one of a number of thermal coalmine owners in Australia and elsewhere that Adani has been speaking with to feed that project. Adani is one of India's most talked about success stories, having been started in 1988 by Mr Adani, who went from being a university dropout to last year being listed by Forbes magazine as India's 10th richest man with a fortune of $6.4 billion.
Adani now has coalmining and trading, power generation, oil and gas exploration and gas distribution operations.
Source: Business Day / The Age
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Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
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- Mintek Dendrill Indonesia
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- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Coalindo Energy - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
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