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Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
 Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company executive said. The mine has reserves of more than 50 million tonne of thermal coal, which is mainly used in power generation. Though the deal size could not be ascertained, mining experts feel it could be between Rs 350-400 crore depending on the quality and grade. JSPL has interests in steel, power and mining.
“We have acquired a partially operational coal mine, which has proven reserves of around 30 million tonne. If explored further, total reserves could surpass 50 million tonne,” JSPL CEO Vikrant Gujral said. The mine was acquired from South African mining firm ESF, which has more thermal coal mines in its portfolio. The transaction is likely to be funded through a mix of debt and internal accruals.
The acquired thermal coal mine will enable JSPL to secure long term raw material requirement of its proposed power plant in Chhattisgarh while providing an option to sell the surplus coal through open access at spot prices. JSPL’s team in South Africa has already started identifying areas in the mine that have not been explored yet.
Jindal Power, a wholly owned subsidiary of JSPL, is setting up a 1,000-mw thermal power plant at Raigarh in Chhattisgarh with an investment of over Rs 4,500 crore. The parent company already owns open cast coal mines at Raigarh, which have reserves of around 100 million tonne. The mines meet coal requirement of the company’s existing captive power plant in Raigarh.
Several Indian steel firms, including JSPL, have been seeking coal assets in countries such as Canada, South Africa and Indonesia for the past several years due to lack of high quality coal in India. In 2007-08, India imported about 50 million tonnes of coal. The Planning Commission has estimated that demand-supply mismatch in coal may reach 200 million tonne by 2012, increasing country’s import-dependence
Source: Economic Times
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Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
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- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- The University of Queensland
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
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