COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA


Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to minimise dependence on other overseas companies, said a person with direct knowledge of the development.

Although the person did not reveal the deal size, an expert tracking the sector said it could be anywhere between $70 to $100 million (Rs 350-500 crore) depending on the quality of coal and how far the mine is from the port. Thermal coal is a key input in power generation.

The acquisition, if successful, would be funded through a mix of internal accruals and debt, the person added. Coal from the mine would be shipped to India for captive use in the company's three upcoming power plants. JSW Energy, part of the JSW Group, has interests in power generation, transmission, distribution and trading.

The JSW Energy official spokesman declined to comment on the proposed deal. Currently, the company has access to limited thermal coal reserves in India and is largely dependant on imports. Besides making full-fledged acquisitions, the firm is also in talks with the local African government for jointly developing thermal coal mines.

According to a Delhi-based independent steel analyst, the procedure to access a coal mine in India is arduous and raises environmental issues. So, domestic power firms are constantly looking for mineral resources overseas.

Thermal coal is most well-found resource in the world and is available in abundance in Africa and Indonesia. JSW Energy is in the process of installing three power plants, one each in Karnataka (600 MW), Rajasthan (1,080 MW) and Maharashtra (1,200 MW). The company has already commissioned 300 MW in Karnataka.
Source: source:http://coaljunction.in/market_news/jsw_to_buy_thermal_coal_mine_i.php



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...


Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...


Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...


Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80 * Negotiations may conclude soon as price gap narrows * New offer at discount of about 43 pe ...


Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...


   1350 1351 1352 1353 1354   
Showing 6756 to 6760 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Thriveni
  • Parliament of New Zealand
  • Deloitte Consulting - India
  • Baramulti Group, Indonesia
  • Ernst & Young Pvt. Ltd.
  • Electricity Generating Authority of Thailand
  • San Jose City I Power Corp, Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Panama Canal Authority
  • UBS Singapore
  • Goldman Sachs - Singapore
  • Permata Bank - Indonesia
  • Ministry of Mines - Canada
  • Mitra SK Pvt Ltd - India
  • Global Business Power Corporation, Philippines
  • VISA Power Limited - India
  • Asian Development Bank
  • Jatenergy - Australia
  • Coal and Oil Company - UAE
  • Indian School of Mines
  • Core Mineral Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Madhucon Powers Ltd - India
  • RBS Sempra - UK
  • Clarksons - UK
  • Kohat Cement Company Ltd. - Pakistan
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Krishnapatnam Port Company Ltd. - India
  • JPMorgan - India
  • Mercuria Energy - Indonesia
  • White Energy Company Limited
  • Sucofindo - Indonesia
  • Lanco Infratech Ltd - India
  • Attock Cement Pakistan Limited
  • Minerals Council of Australia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Medco Energi Mining Internasional
  • GNFC Limited - India
  • Sical Logistics Limited - India
  • Tata Chemicals Ltd - India
  • Toyota Tsusho Corporation, Japan
  • McConnell Dowell - Australia
  • Videocon Industries ltd - India
  • Adaro Indonesia
  • IBC Asia (S) Pte Ltd
  • Moodys - Singapore
  • World Bank
  • Sakthi Sugars Limited - India
  • KEPCO - South Korea
  • Gupta Coal India Ltd
  • Leighton Contractors Pty Ltd - Australia
  • Kideco Jaya Agung - Indonesia
  • Noble Europe Ltd - UK
  • Thai Mozambique Logistica
  • Pipit Mutiara Jaya. PT, Indonesia
  • The Treasury - Australian Government
  • PetroVietnam
  • Uttam Galva Steels Limited - India
  • Simpson Spence & Young - Indonesia
  • Xstrata Coal
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bank of China, Malaysia
  • GMR Energy Limited - India
  • Eastern Coal Council - USA
  • Trasteel International SA, Italy
  • Bangladesh Power Developement Board
  • Karbindo Abesyapradhi - Indoneisa
  • Petrochimia International Co. Ltd.- Taiwan
  • Power Finance Corporation Ltd., India
  • Asmin Koalindo Tuhup - Indonesia
  • PowerSource Philippines DevCo
  • J M Baxi & Co - India
  • Rio Tinto Coal - Australia
  • KOWEPO - South Korea
  • Central Electricity Authority - India
  • Glencore India Pvt. Ltd
  • Indo Tambangraya Megah - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Oldendorff Carriers - Singapore
  • Samtan Co., Ltd - South Korea
  • Antam Resourcindo - Indonesia
  • SASOL - South Africa
  • Tamil Nadu electricity Board
  • OPG Power Generation Pvt Ltd - India
  • Banpu Public Company Limited - Thailand
  • IOL Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Sree Jayajothi Cements Limited - India
  • Bukit Makmur.PT - Indonesia
  • Platts
  • Makarim & Taira - Indonesia
  • globalCOAL - UK
  • Siam City Cement PLC, Thailand
  • Anglo American - United Kingdom
  • Ambuja Cements Ltd - India
  • JPower - Japan
  • Bukit Baiduri Energy - Indonesia
  • Africa Commodities Group - South Africa
  • Pendopo Energi Batubara - Indonesia
  • PLN Batubara - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Kaltim Prima Coal - Indonesia
  • Energy Link Ltd, New Zealand
  • OCBC - Singapore
  • Economic Council, Georgia
  • Mechel - Russia
  • ETA - Dubai
  • Gresik Semen - Indonesia
  • Bharathi Cement Corporation - India
  • Arutmin Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • CIMB Investment Bank - Malaysia
  • Indonesian Coal Mining Association
  • Japan Coal Energy Center
  • Pinang Coal Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Dalmia Cement Bharat India
  • Barasentosa Lestari - Indonesia
  • Intertek Mineral Services - Indonesia
  • Kobe Steel Ltd - Japan
  • GN Power Mariveles Coal Plant, Philippines
  • PLN - Indonesia
  • Commonwealth Bank - Australia
  • New Zealand Coal & Carbon
  • Maersk Broker
  • Humpuss - Indonesia
  • Energy Development Corp, Philippines
  • Geoservices-GeoAssay Lab
  • India Bulls Power Limited - India
  • Kepco SPC Power Corporation, Philippines
  • The University of Queensland
  • Argus Media - Singapore
  • TeaM Sual Corporation - Philippines
  • TNPL - India
  • WorleyParsons
  • Barclays Capital - USA
  • DBS Bank - Singapore
  • ACC Limited - India
  • Eastern Energy - Thailand
  • Maharashtra Electricity Regulatory Commission - India
  • Metalloyd Limited - United Kingdom
  • Billiton Holdings Pty Ltd - Australia
  • Merrill Lynch Bank
  • CoalTek, United States
  • Enel Italy
  • SUEK AG - Indonesia
  • Xindia Steels Limited - India
  • Star Paper Mills Limited - India
  • CCIC - Indonesia
  • Mjunction Services Limited - India
  • APGENCO India
  • Formosa Plastics Group - Taiwan
  • TRAFIGURA, South Korea
  • Edison Trading Spa - Italy
  • Rudhra Energy - India
  • Total Coal South Africa
  • South Luzon Thermal Energy Corporation
  • Romanian Commodities Exchange
  • CNBM International Corporation - China
  • SGS (Thailand) Limited
  • Gujarat Electricity Regulatory Commission - India
  • Surastha Cement
  • Orica Australia Pty. Ltd.
  • Coastal Gujarat Power Limited - India
  • Standard Chartered Bank - UAE
  • Meralco Power Generation, Philippines
  • IMC Shipping - Singapore
  • Renaissance Capital - South Africa
  • SMG Consultants - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • KPMG - USA
  • Wood Mackenzie - Singapore
  • The India Cements Ltd
  • Ince & co LLP
  • ANZ Bank - Australia
  • Vedanta Resources Plc - India
  • MS Steel International - UAE
  • Salva Resources Pvt Ltd - India
  • BRS Brokers - Singapore
  • Riau Bara Harum - Indonesia
  • TGV SRAAC LIMITED, India
  • Bhoruka Overseas - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • BNP Paribas - Singapore
  • UOB Asia (HK) Ltd
  • Coeclerici Indonesia
  • World Coal - UK
  • Singapore Mercantile Exchange
  • Vale Mozambique
  • Therma Luzon, Inc, Philippines
  • Runge Indonesia
  • Independent Power Producers Association of India
  • Orica Mining Services - Indonesia
  • Maruti Cements - India
  • PTC India Limited - India
  • Russian Coal LLC
  • Cargill India Pvt Ltd
  • Neyveli Lignite Corporation Ltd, - India
  • Global Coal Blending Company Limited - Australia
  • Timah Investasi Mineral - Indoneisa
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Petron Corporation, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Berau Coal - Indonesia
  • EMO - The Netherlands
  • PetroVietnam Power Coal Import and Supply Company
  • Shenhua Group - China
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Agrawal Coal Company - India
  • Bhushan Steel Limited - India
  • Cardiff University - UK
  • Coalindo Energy - Indonesia
  • IEA Clean Coal Centre - UK
  • Shree Cement - India
  • SMC Global Power, Philippines
  • ING Bank NV - Singapore
  • Gujarat Sidhee Cement - India
  • Reliance Power - India
  • Thomson Reuters GRC
  • Mintek Dendrill Indonesia
  • ICICI Bank Limited - India
  • Carbofer General Trading SA - India
  • European Bulk Services B.V. - Netherlands
  • Indian Energy Exchange, India
  • Maybank - Singapore
  • Holcim Trading Pte Ltd - Singapore
  • U S Energy Resources
  • Straits Asia Resources Limited - Singapore
  • Bangkok Bank PCL
  • Vitol - Bahrain
  • Asia Cement - Taiwan
  • Bhatia International Limited - India
  • Savvy Resources Ltd - HongKong
  • Altura Mining Limited, Indonesia
  • Peabody Energy - USA
  • Thiess Contractors Indonesia
  • Wilmar Investment Holdings
  • Indian Oil Corporation Limited
  • Port Waratah Coal Services - Australia
  • Indika Energy - Indonesia
  • Indonesia Power. PT
  • Kobexindo Tractors - Indoneisa
  • Cebu Energy, Philippines
  • Malabar Cements Ltd - India
  • Cement Manufacturers Association - India
  • Essar Steel Hazira Ltd - India
  • Price Waterhouse Coopers - Russia
  • Bank of America
  • Chamber of Mines of South Africa
  • NTPC Limited - India
  • Merrill Lynch Commodities Europe
  • Planning Commission, India
  • Britmindo - Indonesia
  • ASAPP Information Group - India
  • Petrosea - Indonesia
  • Mitsubishi Corporation
  • Coal Orbis AG
  • Posco Energy - South Korea
  • Thermax Limited - India
  • Sarangani Energy Corporation, Philippines
  • International Coal Ventures Pvt Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • Cosco
  • Siam City Cement - Thailand
  • Electricity Authority, New Zealand
  • Ministry of Transport, Egypt
  • Thailand Anthracite
  • GVK Power & Infra Limited - India
  • Grasim Industreis Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • Cigading International Bulk Terminal - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • TANGEDCO India
  • Directorate Of Revenue Intelligence - India
  • Fearnleys - India
  • Kalimantan Lumbung Energi - Indonesia
  • KPCL - India
  • Idemitsu - Japan
  • Borneo Indobara - Indonesia
  • GB Group - China
  • Credit Suisse - India
  • Deutsche Bank - India
  • Larsen & Toubro Limited - India
  • Australian Commodity Traders Exchange
  • Vijayanagar Sugar Pvt Ltd - India
  • Tanito Harum - Indonesia
  • Interocean Group of Companies - India
  • Kartika Selabumi Mining - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Lafarge - France
  • AsiaOL BioFuels Corp., Philippines
  • HSBC - Hong Kong
  • Latin American Coal - Colombia
  • Heidelberg Cement - Germany
  • Mitsui
  • Arch Coal - USA
  • McKinsey & Co - India
  • Mercator Lines Limited - India
  • Malco - India
  • Indogreen Group - Indonesia
  • Indorama - Singapore
  • MEC Coal - Indonesia
  • Bulk Trading Sa - Switzerland
  • Jaiprakash Power Ventures ltd
  • Ministry of Finance - Indonesia
  • Adani Power Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • Georgia Ports Authority, United States
  • Kumho Petrochemical, South Korea
  • Parry Sugars Refinery, India
  • Freeport Indonesia
  • Qatrana Cement - Jordan
  • LBH Netherlands Bv - Netherlands
  • Marubeni Corporation - India
  • Aditya Birla Group - India
  • Cemex - Philippines
  • SRK Consulting
  • Chettinad Cement Corporation Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Vizag Seaport Private Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Jindal Steel & Power Ltd - India
  • Central Java Power - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Semirara Mining Corp, Philippines
  • Coaltrans Conferences
  • London Commodity Brokers - England
  • CESC Limited - India
  • Meenaskhi Energy Private Limited - India
  • Samsung - South Korea
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Coal India Limited
  • Infraline Energy - India
  • Inspectorate - India
  • The State Trading Corporation of India Ltd
  • EIA - United States
  • Platou - Singapore
  • Australian Coal Association
  • Kapuas Tunggal Persada - Indonesia
  • Binh Thuan Hamico - Vietnam
  • bp singapore
  • Tata Power - India
  • NALCO India
  • Inco-Indonesia
  • Global Green Power PLC Corporation, Philippines
  • GHCL Limited - India
  • Aboitiz Power Corporation - Philippines
  • Sojitz Corporation - Japan