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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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Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
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- Sojitz Corporation - Japan
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- Savvy Resources Ltd - HongKong
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- Singapore Mercantile Exchange
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- Kartika Selabumi Mining - Indonesia
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- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
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- Latin American Coal - Colombia
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- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
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- Sakthi Sugars Limited - India
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- The Treasury - Australian Government
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- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Planning Commission, India
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- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
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