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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
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Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Tuesday, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boos ...
Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near ...
Monday, 11 May 09
SOUTH AFRICA PROBLEMS SLOW INDIA COAL BUYING - MINE WEB
Indian imports of South African coal are likely to be close to 12 million tonnes in 2009, up from 10 million last year.
Indian coal buyers were a ...
Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic ac ...
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- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- The University of Queensland
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- White Energy Company Limited
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
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