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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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Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
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- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- The University of Queensland
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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