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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, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
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- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
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