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, 26 October 10
INDONESIA SHIPPED 5.32 PERCENT LESS COAL IN SEPTEMBER 10
COALspot.com: Indonesia, the world largest coal exporter, shipped 21,661,817 MT of coal in September 2010, which is 5.32 percent lesser than Au ...


Tuesday, 26 October 10
DRY BULK MARKET TO KEEP RISING THIS WEEK ON STRONG CHINESE IRON ORE AND THERMAL COAL DEMAND - HELLENIC SHIPPING
Overcapacitated or not, the dry bulk market keeps its positive momentum as we move forward this week, with the Baltic Dry Index (BDI) rising by 0.77 ...


Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast rese ...


Monday, 25 October 10
DRY BULK MARKET STILL HEAVILY DEPENDENT ON CHINA, POSTS SMALL WEEKLY LOSS OF 1.27% - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With every twitch and turn from China’s metals industry, the dry bulk market is disproportionally affected, as evidenced by the course of the ...


Sunday, 24 October 10
SUPRAMAX VESSELS BEING FIXED AROUND $ 15 K PER DAY DELIVERY N. CHINA FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SHIPPING
COALspot.com: The freight market this week remained almost at same levels with not much change. However the Far East/SE Asia market was quite soft w ...


   1109 1110 1111 1112 1113   
Showing 5551 to 5555 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 ...

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