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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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Saturday, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING
COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisi ...
Saturday, 08 May 10
MAHAGENCO TO IMPORT 3.35 MILLION TON OF COAL
COALspot.com: Indian utility Maharashtra State Power Generation Co. Ltd. is in market for 3.35 million tones of imported coal. The purchase of coal ...
Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS
ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 ton ...
Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month lo ...
Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
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- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
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