We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
 Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power and CESC to jointly scout for overseas coal to bring down the cost of acquisition and also speed up the process of buying mines.
“We are talking to mega power companies, including the Tatas, to look for joint acquisition of coal assets,” said Ahmed Buhari, founder president of Coal & Oil (C&O) Group, a Rs 2,000-crore (US$ 447,116,313) company that imports more than 6 million tonnes of coal for its Indian users.
C&O Group is one of the leading suppliers of steam coal for companies such as the Tatas, Reliance Power, CESC, Gujarat Ambuja, Madras Cements and others. It also has long-term contracts with power producers that ensure continuous supplies for 7-10 years. When contacted by ET, utility companies declined to comment on the issue.
Some of these trading companies are also negotiating with utilities for an equity stake in return for supply of coal. The Singapore-based Middle East Coal, another trading company that has ownership of mines in Indonesia, has been negotiating with major Indian firms for securing a stake.
In an earlier interaction with ET, Middle East Coal vice-chairman Madhu Koneru said the supply of coal would be finalised for a 10-12 year period to ensure that power producers complete their projects. “It would also keep the prices down as contracted prices would typically be at cost level,” said Mr Koneru.
Demand for imported coal in India, which is widely used by power generators and steelmakers, has soared by about 16% over the past five years and is expected to rise more as companies use more of imported coal instead of Indian coal, due to the high ash content in the local resource.
The tight demand for coal has inflated the valuations of mines as global players are ready to offer higher prices for a stake in resource assets.
China is an active player here as the country's power plants buy and stockpile coal ahead of the winter and the summer to meet increasing demand. In August, in one of the largest acquisitions of a coal mine by an Indian company, the Ahmedabad-based Adani Enterprises bought Australia's Linc Energy's coal assets for Rs 12,600 crore in a cash-cum-royalty deal.
State-owned utility NTPC, which expects to import up to 15 million tonnes of coal next year, has also been active in buying coal mines overseas. Last month, NTPC said it plans to buy stakes in two Indonesian coal mines and will also invite global bids for more such assets.
Indian users import coal from countries like Australia, South Africa, and Indonesia, where most of the coal trading is also done. Indian players, rattled by tight supplies, are keen to leverage existing contracts that the traders have with their miners.
“We have been in the coal trading business for 17 years and have long-term supply agreements with mine owners. We, therefore, want to be associated with top-notch companies to extend this agreement,” said Mr Buhari.
The arrangement will also benefit trading companies as these are building power plants themselves. C&O is building a 1,200 megawatt power plant at Tuticorin in Tamil Nadu and is also investing in Chennai-based Meenakshi group that has interests in power and infrastructure.
The power sector is one of the largest consumers of coal in India, accounting for 71% of the country's coal demand, which is met through linkages with Coal India and Singareni Collieries. 1 INR = 0.0223558 USD
Source: Economic Times
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
|
|
|
Showing 5526 to 5530 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
|
| |
| |
|
