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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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Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
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- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
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- Eastern Coal Council - USA
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- Merrill Lynch Commodities Europe
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- The University of Queensland
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- Global Coal Blending Company Limited - Australia
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- European Bulk Services B.V. - Netherlands
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- Wood Mackenzie - Singapore
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- Sical Logistics Limited - India
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- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
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- Karbindo Abesyapradhi - Indoneisa
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- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Ministry of Transport, Egypt
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- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
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- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
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- London Commodity Brokers - England
- Chamber of Mines of South Africa
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- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Tamil Nadu electricity Board
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- Siam City Cement - Thailand
- Eastern Energy - Thailand
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- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
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- Samtan Co., Ltd - South Korea
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- Attock Cement Pakistan Limited
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- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
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- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Parliament of New Zealand
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- Directorate Of Revenue Intelligence - India
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- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Mjunction Services Limited - India
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- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
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- Minerals Council of Australia
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- Sree Jayajothi Cements Limited - India
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