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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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Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- CNBM International Corporation - China
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- The University of Queensland
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