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.
|
|
Tuesday, 05 October 10
EWP SEEKING VIETNAMS ANTHRACITE COAL
COALspot.com: South Korea’s EWP is seeking Min 200,000MT of Vietnam coal with plus or minus 30,000MT at EWP’s (Korea East West Power Co ...
Monday, 04 October 10
2 BLN TONS OF COAL RESERVES DISCOVERED IN SOUTHERN PAKISTAN - XINHUA / HELLENIC SHIPPING
Xinhua and Hellenic Shipping reporte dhtat, the discovery of at least two billion tons of usable coal reserves has been confirmed in one of the ...
Sunday, 03 October 10
THE BDI WAS JUST INCREASED BY 8 POINTS AND CLOSED AT 2452 POINTS LAST FRIDAY - VISTAAR
COALspot.com: The BDI was almost at same levels and just increased by 8 points and closed at 2452 points , however the cape index was up by al ...
Sunday, 03 October 10
NALCO TO FINALIZE INDONESIA COAL DEAL BY JANUARY - HINDUSTAN TIMES
HindustanTimes reported that, state-owned National Aluminium Company (NALCO) will finalise a deal with a coal source in Indonesia for its $4 billion ...
Sunday, 03 October 10
INDONESIA WILL BECOME A NET IMPORTER OF ENERGY IN 2030 - BPPT
Jakarta Updates reported that,Indonesian Agency for the Assessment and Application of Technology (BPPT) predicted that the energy situation in Indon ...
|
|
|
Showing 5581 to 5585 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
|
| |
| |
|
