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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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Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
Tuesday, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
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- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
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