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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
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Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
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- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- The University of Queensland
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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