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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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Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
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- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- MS Steel International - UAE
- PTC India Limited - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Australian Coal Association
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Planning Commission, India
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
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