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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, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
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 ...
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- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- India Bulls Power Limited - India
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
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