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Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
 Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedanta Resources Plc, controlled by Anil Agarwal, looks set to enter the ports business after submitting the best bid in the tender to upgrade and mechanize a general cargo berth to handle coking coal and steam coal at the Union government-owned port at Visakhapatnam, or Vizag, in Andhra Pradesh.
The price bid for the Rs 600 crore (US$ 130,420,614) project with a capacity to handle 10.18 million tonnes (mt) of coking and steam coal was opened on Monday.
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“Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract”
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The London Metal Exchange-listed Vedanta Resources is Agarwal’s holding company and owns controlling stakes in Sterlite Industries India Ltd, Hindustan Zinc Ltd, Sesa Goa Ltd, Vedanta Aluminium Ltd and Konkola Copper Mines Plc in Zambia.
Vedanta, which bid for the project with Leighton Contractors (India) Pvt. Ltd, quoted a revenue share of 38.1% to win the 30-year contract, said an official at Vizag port who did not want to be named as the process wasn’t complete. The board of Vizag port will meet in the next few days to approve the bid, the port official said.
The bidder willing to share the highest percentage of annual revenue with the government-owned port will be given the contract, according to rules for the award of public-private partnership projects auctioned by the Union government in the sector.
The Tariff Authority for Major Ports, the tariff regulator for 11 of the 12 Central government ports such as Vizag, has approved a coal-handling rate of Rs 131.94 (US$ 2.86) per tonne at the new berth. Vedanta’s quote would mean it will share Rs 50.26 (US$ 1.09) of the revenue earned from handling each tonne of cargo.
Vedanta could not be immediately reached for comment.
Mundra Port and Special Economic Zone Ltd, which runs India’s biggest private port at Mundra in Gujarat, quoted 32.09%. A consortium comprising IL&FS Maritime Infrastructure Co. Ltd and ABG Ports Ltd quoted a revenue share of 31.97%. Others in the race for the project were Gammon Infrastructure Projects Ltd and Vadinar Oil Terminals Ltd. Larsen and Toubro Ltd, another shortlisted bidder, backed out without bidding.
“It is a very aggressive bid,” said a rival executive, who asked not to be identified.
Besides this deal, Vedanta is one of the shortlisted bidders for a Rs 1,407 crore (US$ 305,836,340) container terminal at the Union government-owned Ennore port in Tamil Nadu. The group has also filed a so-called expression of interest to develop and operate a Rs 6,700 crore (US$ 1,456,363,525) container terminal at Jawaharlal Nehru Port, India’s busiest container port, near Mumbai.
Apart from ports, Agarwal last year announced his intention to enter the steel business with a partner. The group also has plans to build power plants that can produce 11,000MW of electricity with an investment of some Rs 45,000 crore (US$ 9,781,546,068).
The Union government controls a dozen big ports that together handled 530.53 mt of cargo in the year ended March, accounting for some 72% of India’s external trade shipped by the sea route.
The government plans to double the cargo handling capacity of the 12 ports to 1,016 mt by 2012 from 574.77 mt as economic growth strains existing facilities.
The additional 442 mt capacity will require an investment of close to Rs 55,804 crore (US$ 12,129,986,595) , out of which Rs 36,868 crore (US$ 8,013,912,009) will come from the private sector and the balance from the internal resources of the ports and government budgetary support, according to the shipping ministry. (1 USD = 46.0050 INR)
Source: Livemint
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Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
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- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
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- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
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- Africa Commodities Group - South Africa
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- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
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- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
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- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- White Energy Company Limited
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
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