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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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Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over ...
Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...
Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...
Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...
Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
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- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
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