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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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Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
Monday, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...
Saturday, 18 July 09
REN POWER CZ COMMISSIONS ANOTHER PHOTOVOLTAIC POWER STATION
COALspot.com (Press Release): REN Power CZ, a company in the Czech Coal Group, has put into operation another photovoltaic power station. The plant ...
Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 ...
Friday, 17 July 09
CHINA COAL-SPOT PRICES EDGE LOWER, SUPPLY APLENTY
China Mining reported that, spot prices in China's top coal shipping port Qinhuangdao edged lower from a week earlier, as supply grew, offsetting t ...
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- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
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