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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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Thursday, 23 December 10
SOUTHGOBI RESOURCES CLOSES STRATEGIC INVESTMENT IN ASPIRE MINING LIMITED
Press Release – SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878), announced today that it has completed the private placement with Aspire Mining ...
Thursday, 23 December 10
CESC EYES COAL MINES IN INDONESIA, S AFRICA - TEHELKA
Company has already set a target of adding 6,000 MW power generation by the end of the 12th Plan in 2017
Tehelka reported that, CESC Ltd, the fla ...
Thursday, 23 December 10
SANTA CLAUSE DID NOT COME EARLY THIS YEAR - FEARNBULK
Handy
Not much fresh enquiry this week and quite dead in Bl.Sea/Med. Nevertheless ...
Thursday, 23 December 10
STERLITE ENERGY LIMITED TO BUY 0.6 MLN MT OF COAL FOR 2011
COALspot.com - Sterlite Energy Limited (SEL) is a part of Vedanta Resources plc , a London listed FTSE 100 diversified metals and mining major with ...
Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- The University of Queensland
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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