COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE


Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 crore). Sources said the mine may have reserves of 280-300 million tonnes. The asset is also unique, as it comes with an operating power plant of 500 Mw. The last date for bids is September 20.

A GMR spokesperson said that the company does not comment on speculation, while Reliance Power and Adani did not respond to e-mailed queries.

The Indian companies, however, face tough competition. There are 31 bidders, including Japanese and Chinese companies. “Since the asset is very expensive, companies might look at forging joint ventures with international partners to put in bids,” said a source close to the development.

Australia and Indonesia have been popular destinations for power companies seeking coal mines due to their proximity to India. Reliance Power acquired three coal mines in Indonesia in May 2008. GMR also acquired Indonesian coal mining company PT Barasentosa Lestari for around Rs 400 crore (US$ 87,241,013) in 2009. In 2007, Tata Power bought a 30 per cent stake in two coal companies for $1.1 billion.

“Coal as a commodity is going to be in short supply in India. Most private sector power companies will have their plants up and running in the next three to four years. Most of this capacity is coal-based,” said Gaurav Dua, head of research at Sharekhan.

However, analysts said coal mine purchases might be expensive in the current situation. “Right now, coal asset prices are steep, compared with international coal prices, which are lukewarm. But, maybe in the next six months, coal prices could revive and the assets will seem reasonable,” said Priti Gupta, executive director-commodities, Anand Rathi Financial Services.
Source: Business-Standard



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 09 November 10
NOBLE GROUP APPOINTED AS THE EXCLUSIVE MARKETING AGENT FOR PT. BERAU COAL
COALspot.com: Noble Group Limited has recently been appointed as the exclusive marketing agent for PT. Berau Coal production exported to internation ...


Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...


Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct. The BDI and Cape Size index was down ...


Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...


Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...


   1106 1107 1108 1109 1110   
Showing 5536 to 5540 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Metalloyd Limited - United Kingdom
  • Rashtriya Ispat Nigam Limited - India
  • Mitra SK Pvt Ltd - India
  • Trasteel International SA, Italy
  • ING Bank NV - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Jatenergy - Australia
  • HSBC - Hong Kong
  • Price Waterhouse Coopers - Russia
  • Therma Luzon, Inc, Philippines
  • Electricity Generating Authority of Thailand
  • OCBC - Singapore
  • Karaikal Port Pvt Ltd - India
  • New Zealand Coal & Carbon
  • Parliament of New Zealand
  • European Bulk Services B.V. - Netherlands
  • Wood Mackenzie - Singapore
  • Petron Corporation, Philippines
  • Inco-Indonesia
  • Tamil Nadu electricity Board
  • DBS Bank - Singapore
  • Riau Bara Harum - Indonesia
  • Total Coal South Africa
  • Jorong Barutama Greston.PT - Indonesia
  • Mercator Lines Limited - India
  • Dalmia Cement Bharat India
  • Directorate Of Revenue Intelligence - India
  • NALCO India
  • TNPL - India
  • SGS (Thailand) Limited
  • Economic Council, Georgia
  • Renaissance Capital - South Africa
  • Arch Coal - USA
  • Credit Suisse - India
  • Clarksons - UK
  • Agrawal Coal Company - India
  • Samtan Co., Ltd - South Korea
  • Coal India Limited
  • Core Mineral Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Rio Tinto Coal - Australia
  • Salva Resources Pvt Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Vale Mozambique
  • Interocean Group of Companies - India
  • Kobexindo Tractors - Indoneisa
  • Adaro Indonesia
  • Global Business Power Corporation, Philippines
  • Coeclerici Indonesia
  • Banpu Public Company Limited - Thailand
  • U S Energy Resources
  • BRS Brokers - Singapore
  • SRK Consulting
  • CoalTek, United States
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Cosco
  • Meenaskhi Energy Private Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Semirara Mining Corp, Philippines
  • PLN Batubara - Indonesia
  • Sojitz Corporation - Japan
  • Deloitte Consulting - India
  • Thomson Reuters GRC
  • AsiaOL BioFuels Corp., Philippines
  • Platou - Singapore
  • Madhucon Powers Ltd - India
  • TANGEDCO India
  • Savvy Resources Ltd - HongKong
  • SMG Consultants - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Independent Power Producers Association of India
  • Timah Investasi Mineral - Indoneisa
  • Essar Steel Hazira Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • Tata Chemicals Ltd - India
  • Eastern Coal Council - USA
  • Krishnapatnam Port Company Ltd. - India
  • Straits Asia Resources Limited - Singapore
  • Energy Development Corp, Philippines
  • Idemitsu - Japan
  • Singapore Mercantile Exchange
  • Maheswari Brothers Coal Limited - India
  • IHS Mccloskey Coal Group - USA
  • Edison Trading Spa - Italy
  • TeaM Sual Corporation - Philippines
  • Freeport Indonesia
  • KOWEPO - South Korea
  • Tata Power - India
  • CNBM International Corporation - China
  • Coal Orbis AG
  • Siam City Cement PLC, Thailand
  • Bulk Trading Sa - Switzerland
  • Jaiprakash Power Ventures ltd
  • Berau Coal - Indonesia
  • Barasentosa Lestari - Indonesia
  • Cebu Energy, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • Formosa Plastics Group - Taiwan
  • Indian School of Mines
  • Standard Chartered Bank - UAE
  • Glencore India Pvt. Ltd
  • World Coal - UK
  • Karbindo Abesyapradhi - Indoneisa
  • Thiess Contractors Indonesia
  • globalCOAL - UK
  • ICICI Bank Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Anglo American - United Kingdom
  • Inspectorate - India
  • Videocon Industries ltd - India
  • Medco Energi Mining Internasional
  • Gujarat Mineral Development Corp Ltd - India
  • Antam Resourcindo - Indonesia
  • MS Steel International - UAE
  • Britmindo - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Tanito Harum - Indonesia
  • Samsung - South Korea
  • Parry Sugars Refinery, India
  • Indian Energy Exchange, India
  • Goldman Sachs - Singapore
  • CCIC - Indonesia
  • Qatrana Cement - Jordan
  • bp singapore
  • GVK Power & Infra Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Posco Energy - South Korea
  • Oldendorff Carriers - Singapore
  • Cemex - Philippines
  • Coalindo Energy - Indonesia
  • BNP Paribas - Singapore
  • Enel Italy
  • Geoservices-GeoAssay Lab
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Alfred C Toepfer International GmbH - Germany
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Noble Europe Ltd - UK
  • ACC Limited - India
  • ETA - Dubai
  • Cargill India Pvt Ltd
  • Eastern Energy - Thailand
  • Adani Power Ltd - India
  • Sakthi Sugars Limited - India
  • Rudhra Energy - India
  • Permata Bank - Indonesia
  • Ministry of Mines - Canada
  • Maharashtra Electricity Regulatory Commission - India
  • The State Trading Corporation of India Ltd
  • TRAFIGURA, South Korea
  • Coaltrans Conferences
  • Kaltim Prima Coal - Indonesia
  • Lanco Infratech Ltd - India
  • Port Waratah Coal Services - Australia
  • Coastal Gujarat Power Limited - India
  • Malabar Cements Ltd - India
  • Lafarge - France
  • Ceylon Electricity Board - Sri Lanka
  • Orica Mining Services - Indonesia
  • Makarim & Taira - Indonesia
  • Attock Cement Pakistan Limited
  • Shree Cement - India
  • Bhatia International Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Kobe Steel Ltd - Japan
  • SUEK AG - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Ind-Barath Power Infra Limited - India
  • JPMorgan - India
  • Kalimantan Lumbung Energi - Indonesia
  • Peabody Energy - USA
  • Iligan Light & Power Inc, Philippines
  • Indika Energy - Indonesia
  • Thailand Anthracite
  • MEC Coal - Indonesia
  • IEA Clean Coal Centre - UK
  • Baramulti Group, Indonesia
  • Asian Development Bank
  • Runge Indonesia
  • Surastha Cement
  • GHCL Limited - India
  • Ministry of Finance - Indonesia
  • Uttam Galva Steels Limited - India
  • Cement Manufacturers Association - India
  • PLN - Indonesia
  • McKinsey & Co - India
  • London Commodity Brokers - England
  • International Coal Ventures Pvt Ltd - India
  • Japan Coal Energy Center
  • Merrill Lynch Bank
  • India Bulls Power Limited - India
  • Commonwealth Bank - Australia
  • OPG Power Generation Pvt Ltd - India
  • Indonesia Power. PT
  • Thermax Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Deutsche Bank - India
  • San Jose City I Power Corp, Philippines
  • Maersk Broker
  • Moodys - Singapore
  • Infraline Energy - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Pinang Coal Indonesia
  • Central Java Power - Indonesia
  • Planning Commission, India
  • Fearnleys - India
  • VISA Power Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Bhoruka Overseas - Indonesia
  • Russian Coal LLC
  • PetroVietnam Power Coal Import and Supply Company
  • Sical Logistics Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Cardiff University - UK
  • Mechel - Russia
  • LBH Netherlands Bv - Netherlands
  • Vitol - Bahrain
  • Simpson Spence & Young - Indonesia
  • UOB Asia (HK) Ltd
  • Africa Commodities Group - South Africa
  • Pipit Mutiara Jaya. PT, Indonesia
  • Toyota Tsusho Corporation, Japan
  • Jindal Steel & Power Ltd - India
  • Bangladesh Power Developement Board
  • Indogreen Group - Indonesia
  • Orica Australia Pty. Ltd.
  • Bank of America
  • Xstrata Coal
  • Mercuria Energy - Indonesia
  • Gupta Coal India Ltd
  • Aditya Birla Group - India
  • Altura Mining Limited, Indonesia
  • The Treasury - Australian Government
  • Sucofindo - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Bhushan Steel Limited - India
  • Bukit Makmur.PT - Indonesia
  • Kumho Petrochemical, South Korea
  • NTPC Limited - India
  • Gresik Semen - Indonesia
  • Power Finance Corporation Ltd., India
  • The University of Queensland
  • Shenhua Group - China
  • McConnell Dowell - Australia
  • Kapuas Tunggal Persada - Indonesia
  • Petrosea - Indonesia
  • Manunggal Multi Energi - Indonesia
  • ASAPP Information Group - India
  • Leighton Contractors Pty Ltd - Australia
  • Sarangani Energy Corporation, Philippines
  • Intertek Mineral Services - Indonesia
  • Binh Thuan Hamico - Vietnam
  • WorleyParsons
  • Barclays Capital - USA
  • Central Electricity Authority - India
  • Sindya Power Generating Company Private Ltd
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bank of China, Malaysia
  • Maybank - Singapore
  • SASOL - South Africa
  • Mitsubishi Corporation
  • KPCL - India
  • SMC Global Power, Philippines
  • IBC Asia (S) Pte Ltd
  • Australian Coal Association
  • Merrill Lynch Commodities Europe
  • Asmin Koalindo Tuhup - Indonesia
  • GMR Energy Limited - India
  • Bangkok Bank PCL
  • Arutmin Indonesia
  • Minerals Council of Australia
  • Heidelberg Cement - Germany
  • Indo Tambangraya Megah - Indonesia
  • Chamber of Mines of South Africa
  • Larsen & Toubro Limited - India
  • Xindia Steels Limited - India
  • Energy Link Ltd, New Zealand
  • Panama Canal Authority
  • Coal and Oil Company - UAE
  • IMC Shipping - Singapore
  • Humpuss - Indonesia
  • Siam City Cement - Thailand
  • Malco - India
  • Ince & co LLP
  • World Bank
  • EIA - United States
  • Meralco Power Generation, Philippines
  • CIMB Investment Bank - Malaysia
  • Indian Oil Corporation Limited
  • Thriveni
  • IOL Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Star Paper Mills Limited - India
  • Bayan Resources Tbk. - Indonesia
  • Mjunction Services Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Miang Besar Coal Terminal - Indonesia
  • Aboitiz Power Corporation - Philippines
  • APGENCO India
  • Global Coal Blending Company Limited - Australia
  • Reliance Power - India
  • PetroVietnam
  • Asia Cement - Taiwan
  • Carbofer General Trading SA - India
  • CESC Limited - India
  • PowerSource Philippines DevCo
  • GB Group - China
  • Borneo Indobara - Indonesia
  • Bharathi Cement Corporation - India
  • Platts
  • ANZ Bank - Australia
  • RBS Sempra - UK
  • The India Cements Ltd
  • Ambuja Cements Ltd - India
  • South Luzon Thermal Energy Corporation
  • Grasim Industreis Ltd - India
  • UBS Singapore
  • Electricity Authority, New Zealand
  • KPMG - USA
  • Romanian Commodities Exchange
  • Kideco Jaya Agung - Indonesia
  • Latin American Coal - Colombia
  • Australian Commodity Traders Exchange
  • Vijayanagar Sugar Pvt Ltd - India
  • White Energy Company Limited
  • Wilmar Investment Holdings
  • KEPCO - South Korea
  • Gujarat Sidhee Cement - India
  • Neyveli Lignite Corporation Ltd, - India
  • Thai Mozambique Logistica
  • GNFC Limited - India
  • Mintek Dendrill Indonesia
  • Mitsui
  • Ministry of Transport, Egypt
  • Marubeni Corporation - India
  • Globalindo Alam Lestari - Indonesia
  • Maruti Cements - India
  • JPower - Japan
  • TGV SRAAC LIMITED, India
  • Argus Media - Singapore
  • Vedanta Resources Plc - India
  • Indorama - Singapore
  • Sree Jayajothi Cements Limited - India
  • Ernst & Young Pvt. Ltd.
  • Georgia Ports Authority, United States
  • SN Aboitiz Power Inc, Philippines
  • Pendopo Energi Batubara - Indonesia
  • PNOC Exploration Corporation - Philippines
  • J M Baxi & Co - India
  • PTC India Limited - India
  • EMO - The Netherlands
  • Vizag Seaport Private Limited - India
  • Indonesian Coal Mining Association
  • Global Green Power PLC Corporation, Philippines