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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
 Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the resource sector are likely to pick up momentum in the coming year. After establishing a foothold in the global oil and gas asset market, India now eyes coal assets.
Meanwhile, the Indian government has proposed key changes in the existing mines and minerals development act (MMDR to allow trading of exploration and mining concessions to attract foreign investors. If the these legislative changes are approved, Indian mining sector, especially coal, might see a flurry of M&A activities.
"Given the proposed capacity addition in the power, steel and cement sectors, Indian companies are looking outside for coking and non-coking coal," Dilipkumar Jena, knowledge manager, mining and mineral advisory services, PwC, said.
Companies like Reliance Power, Tata Power, JSW and Lanco Infratech have acquired coal assets abroad. Others like NTPC and Steel Authority of India are scouting for the acquisition of coal assets.
"Indian companies are going for acquisition of coal assets abroad because there are issues in domestic coal supply. Besides, they have also realised that they can make profits by selling coal in the free market," Kuljit Singh, partner, infrastructure practice, Ernst and Young (EY), said.
"The acquired coal (thermal) will either go into power generation or trading, depending on where the profit is higher," Singh added.
The government is set to implement mandatory tariff-based competitive bidding from January 6. This could sharpen the appetite of Indian power project developers for acquiring thermal coal assets because secure fuel supply would be a critical factor in ensuring success in the upcoming bidding regime for the allocation of power projects.
"Power companies will continue to secure coal supplies overseas to feed power plants back in India," Kalpana Jain, senior director, Deloitte India, said. "We will have a lot of scramble for mining resources like coal and oil and gas. Even medium-sized companies can go out and buy assets abroad. Africa is going to be an important destination for Indian companies," Jain said.
"Shale gas acreages could also be of interest to Indian companies," she added. But Jain was less bullish on the prospect of M&A activities in the Indian oil and gas E&P industry.
"Many new players entered the Indian E&P market during the recent boom in the industry. But now there is a realisation that E&P business is complicated and capital-intensive," Jain said.
Ajay Arora, partner, and national oil & gas leaders, E&Y, sounded optimistic about the prospect of M&A activities. "More and larger-sized deals should be done in the coming year, in both the oil E&P and the mining sector," Arora told FE.
India's hunt for overseas coal assets is likely to become more frantic and wider than it quest for oil and gas reserves in the coming years, with the government charting ambitious infrastructural development plans.
It is mostly public sector companies like ONGC Videsh and Oil India that have been engaged in the pursuit of opportunities for the acquisition of oil and gas assets overseas.
But when it comes to the acquisition of coal assets, private and public sector companies are equally active. The bounce back in the economic growth might also encourage Indian companies to go out and acquire coal assets abroad.
Meanwhile, the domestic mining sector is also on the cusp of a major change, with the government planning key changes in the MMDR Act to allow transfer of mining leases "Most of foreign companies would be interested to invest in the Indian mining sector given the proposed changes in the MMDR Act, which provide for trading of exploration and mining concessions," Jena said.
"If the new mineral policy comes through, there will be a lot of inbound investment in the coal sector," the Deloitte consultant said
Source: FinancialExpress (By Noor Mohammad) / MSN
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Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
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- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
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