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

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 ...


   1107 1108 1109 1110 1111   
Showing 5541 to 5545 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 ...

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