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Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based CIC Energy for about $411.2 million.
JSW would acquire all the shares of CIC Energy at a price of Canadian dollar (CAD) 7.42 per share, amounting to a total consideration of approximately CAD 422 million ($411.2 million), the company said in a late night release.
JSW Energy is the independent power arm of the JSW Group. It has operational capacity of 1,430 mega watt. In addition, 1,710 mega watt of generating capacity is in an advanced stage of completion. The company is targetting an aggregate generation capacity of 12,070 mega watt by 2015-16.
The acquisition will enable JSW to not only secure the long-term coal requirement for its existing projects but will also be able to accelerate the capacity expansion for its imported coal-based projects," JSW Energy Joint Managing Director and CEO L K Gupta said in the release.
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"CIC has approximately 2.6 billion tonnes of measured coal resources in the Mmamabula region of Botswana in southern Africa ...The reserves have good quality thermal coal with low sulphur that is adequate to meet all the project requirements of JSW Energy," JSW Chairman Sajjan Jindal said.
The reserves can be exploited with an explorable surplus of up to 20 million tonnes per annum over the next 40 years. The reserves can also meet the requirement to set up power plants in Botswana with a capacity of up to 2,000 MW, JSW Energy Vice chairman N K Jain said.
CIC is planning Mmamabula Energy Complex to develop coal mines for export, setting up power plants and conversion of coal to hydrocarbon, the statement said.
The company also said that coal production from the acquired fields is expected to begin over the next three-five years.
The acquisition is done through a subsidiary of JSW Energy. The deal is subject to regulatory approvals and completion of due diligence. The deal, JSW Energy said, is expected to be completed by the last quarter of the current financial year ending March 31, 2011.
Source: NDTV Profit
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Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over ...
Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...
Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...
Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...
Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
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- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
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