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Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal miner. This will be Huaneng's first overseas coal mine acquisition deal with a controlling stake if it wins.
Huaneng Power International has submitted a bid for a 51 percent stake in PT Berau Coal. The deal is worth 1 billion US dollars. It will also enable the successful bidder to have the stable supply of coal for power generation. By the end of 2008, the Indonesian firm had coal reserves of 300 million tons. It produced 13.2 million tons of high quality coal last year.
China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal miner. This will be Huaneng's first overseas coal mine acquisition deal with a controlling stake if it wins
Xie Juchen, Branch Chairman of China Electricity Council, said, "The bidding suits the country's policies in this sector. It also suits the growth of Chinese power producers. Huaneng is going to be the first Chinese power company going overseas, and this is a very good example for other firms. "
Imported thermal coal is cheaper these days. The price averages between 65 to 70 US dollars per ton, which is attractive to China's coal-fired power plants. During the first half this year, China imported 40 million tons of coal, nearly double the amount in the same period last year.
If wins, Huaneng will use the coal to supply 15 power plants in China's southeast coal regions. PT Berau Coal also has a Dutch shareholder and a Japanese shareholder. Another 4 international coal enterprises have also submitted bids.
Source: CCTV
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Wednesday, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
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- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
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- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
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- Tata Chemicals Ltd - India
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- Thiess Contractors Indonesia
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- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
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- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
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- White Energy Company Limited
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- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
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- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
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- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
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- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
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- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
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- Semirara Mining and Power Corporation, Philippines
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
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- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
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- Toyota Tsusho Corporation, Japan
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- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
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- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- CNBM International Corporation - China
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- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
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- Videocon Industries ltd - India
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- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
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