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

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 ...


   1108 1109 1110 1111 1112   
Showing 5546 to 5550 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 ...

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