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Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
 JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to partially meet the rising raw material need of its steel business.
"Following the board approval to acquire certain coking coal mining concessions in USA on May 3, 2010, the company completed the acquisition," the company said in filing to the Bombay Stock Exchange.
"...It is planned to produce 1 million tonnes of coal in the first year starting from September 2010 which will go up to three million tonnes in the third year of operation," it added.
Moreover, the company said it is actively looking at acquisitions of coal mines to feed its rising steel production capacity.
The acquired coal assets with resources of 123 million tonnes are located in West Virginia in the US. These mines are owned by a string of US-based companies.
"While the total coking coal requirement of the company is estimated at 5 million tonnes per annum at the current capacity (about 6 million tonnes) the proposed coking coal from US will give integration to the extent of 20 per cent in the first year and goes up further at enhanced capacity of 11 million tonnes to 35 per cent," it said.
"The integration will benefit the company immensely even after factoring the higher freight from USA to India," it added.
The company currently has an installed production capacity of a little over six million tonnes in Vijaynagar in Karnataka and is working to add another three million tones to it. It also operates a one million tonne per annum plant in Salem.
With coking coal rates hovering around $200 a tonne, up by about 50 per cent from last year's level, steel firms are actively scouting to acquire such mines abroad and cut input costs.
Source:Press Trust of India / profit.ndtv
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Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 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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- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
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