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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
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Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
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- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Deloitte Consulting - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
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