State-run NTPC Ltd , India’s top power producer, is looking to buy majority stakes in Indonesian coal mines with reserves of up to 300 million tonnes to secure supplies and manage costs, its chairman said on Monday.
Another government company, Power Trading Corp , also announced plans to buy coal mines in Indonesia, following the footsteps [...]

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use.
The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India.
The reports were baseless and the new mining law likely to be passed by Parliament by June would in [...]

The Tata Power Company Ltd is exploring to buying vessels and stakes in shipping companies to transport coal from Indonesia.
On Wednesday Tata Power completed its acquisition of a 30 per cent stake in Indonesian thermal coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia, along with related trading companies owned by PT Bumi Resources.
The [...]

Tata Power, India’s second-biggest utility by annual sales, will borrow $950 million to fund its purchase of stakes in two Indonesian coal mines, according to three people involved in the transaction.
The Mumbai-based company has hired Calyon to arrange a $600 million loan, which will be secured by the coal mines, and a $350 million loan, [...]

South Korea’s Korea Electric Power Corp. (KEPCO) is trying to secure overseas coal mines as early as this year as it seeks a steady coal supply for its generators, the company’s president said on Wednesday.
State-run KEPCO, which currently holds no stakes in coal mines, will also look at mergers with overseas electric power companies in [...]

Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]

India’s private major Tata Power says it has plans to buy stakes in two Indonesian coal firms owned by Pt Bumi Resources.
The company said it will invest $1.1 billion to buy 30 percent in each of the two companies. The company will set up an offshore special-purpose vehicle for the acquisition.
“We have not yet finalized [...]

Japanese metals company Kobe Steel has announced that it will start a large-scale demonstration project in Indonesia to upgrade brown coal into high-rank coal for power generation. Although Indonesia has an abundance of brown coal, the high moisture content makes using it difficult.
Kobe Steel signed cooperation agreements with natural resources investment company Bumi Resources and [...]