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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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Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...
Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...
Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...
Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash.
ArcelorMittal SA, the South A ...
Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
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- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Planning Commission, India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
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