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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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- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
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