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, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...


Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...


Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...


Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today. According to our market sources, Coas ...


Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...


   1117 1118 1119 1120 1121   
Showing 5591 to 5595 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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