We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
 As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech is all set to acquire Griffin Coal Mining Co, owner of thermal coal mines in Western Australia.
Lanco Resources Australia, a step-down subsidiary of Lanco, has entered into an agreement with Griffin to acquire 100% of the latter’s equity. Though the value of the agreement has not been disclosed, sources said that the deal would be between $400 million and $500 million.
“We hope the entire acquisition process would be completed in a couple of months. The valuations of the deal would be disclosed at that point,” Lanco CFO Suresh Kumar told DNA.
Lanco’s success in acquiring the company came amid competition from other industry majors, including GVK from India and three other firms from Japan and China.
“We plan to tap opportunities for the coal market in Australia by selling a part of the coal mined there and also bring the coal to India for meeting our own needs in Lanco’s power plants,” Kumar said.
Kumar said the company would meet the cost of acquisition through a bridge loan initially and then convert the debt into a long-term finance.
The Griffin mine, based out of Collie in Western Australia, currently produces over 4 million tonnes of coal per annum (mtpa). The mining tenements contain over 1.1 billion tonnes of thermal coal resources; production capacity can be ramped up to more than 15 mtpa once the evacuation infrastructure is in place.
On the issue of Lanco eyeing the coal market, Kumar said, “For now there is a market. But, it is not that we are going to stop expanding our capacity creation. We are not going to be at 15,000 mw power generation forever. As and when we expand, we will start using the coal from the mines for captive purposes”.
Lanco currently has an operating power generation capacity of 1,995 mw and another 7,962 mw is under various stages of construction. The company expects to increase operational capacity to about 4,000 mw by 2011 and 15,000 mw by March 2015.
The company would require about 15 mtpa of coal for 4,000 mw of power generation and about 60 mtpa to support 15,000 mw of power generation.
Of the 15 mtpa coal that will be needed next year, Lanco has agreements for about 75% of coal from the domestic market. It is importing the balance.
In a statement, Lanco said the Griffin coal mine is strategically located, closer to India than the mines in New South Wales and Queensland.
Source: DNA - By K V Ramana
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
|
|
|
Showing 5496 to 5500 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
|
| |
| |
|
