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Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
 Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and construction services provider PT Truba Alam Manunggal to acquire its thermal coal mine in South Sumatra for $80-90 million, said a person with direct knowledge of the development.
The Lanco Infratech spokesman declined to comment on the development. But a person privy to the company’s plan said: “Lanco Infratech is in talks with not just one but multiple companies in Indonesia, South Africa and Australia. The company’s requirement of thermal coal is around 4 million tonnes now.”
Thermal coal is a key raw material used for power generation, a sector Lanco has interest in.
The talks, if successful, will give Lanco Infratech access to 140 million tonnes of coal reserves, which will help meet its raw material requirement for a proposed coal-based power project in Karnataka. The acquisition will also help the Indian firm optimise the overall cost of producing power.
The deal between the two is being facilitated by Hindustan Global Resources, an Australian firm engaged in exploration, mining and consulting. The firm, owned by a group of non-resident Indians, has also told Lanco Infratech that it would help the Indian company develop the mine once the deal is sealed.
In the past few years, power companies have become active in scouting for coal mines overseas due to the unavailability of good coal in India.
Early this year, GMR Infrastructure acquired Indonesian coal company PT Barasentosa Lestari to ensure coal supply for its proposed 1,500 MW power plant on the western coast. Last month, Jindal Steel and Power bought a thermal coal mine in South Africa.
A steel analyst based in Delhi, who did not wish to be quoted, feels getting access to coal mines in India is not easy. This is because there’s a lot of paper work and a long waiting period involved, and even after the tedious wait, there’s no guarantee the company will get access to the mine. Secondly, coal in India is found in forests and areas inhabited by tribes, which will be disturbed by mining.
“We have identified a few coal blocks in Indonesia and Australia that were up for sale and forwarded the proposal to Lanco. They are talking to the firms concerned,” said Hindustan Global Resources vice-president Amar Bhasin. He, however, declined to name the foreign mining entities.
Lanco Infratech owns gas, wind and hydro-based power projects across India with operational capacity of 500 MW. The company clocked a turnover of around Rs 6,000 crore last fiscal. It posted a 96% jump in its consolidated net profit to Rs 115.85 crore for the first quarter ended June 30, 2009 over the corresponding period last year.
The company is setting up one power plant each in Karnataka and Chhattisgarh of 507.5 MW and 600 MW, respectively. It is also doubling the capacity of its Andhra Pradesh power plant to 736 MW. An additional 1,400 MW capacity will be commissioned by March next year.
Hyderabad-based Lanco Infratech also has interests in engineering, procurement and construction services. The Indonesian firm, on the other hand, carries out coal mining and trading activities through its subsidiary, PT Maxima Infrastruktur.
Source: Economic Times
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Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
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- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Economic Council, Georgia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
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