COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...


Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow  · Coastal Energen to build first merchant power plant · Tamil Nadu to see st ...


Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...


Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...


Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...


   1317 1318 1319 1320 1321   
Showing 6591 to 6595 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Videocon Industries ltd - India
  • Ministry of Transport, Egypt
  • Gupta Coal India Ltd
  • GNFC Limited - India
  • Marubeni Corporation - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Coastal Gujarat Power Limited - India
  • CESC Limited - India
  • European Bulk Services B.V. - Netherlands
  • Australian Commodity Traders Exchange
  • Aboitiz Power Corporation - Philippines
  • Straits Asia Resources Limited - Singapore
  • Asian Development Bank
  • Runge Indonesia
  • Sucofindo - Indonesia
  • Star Paper Mills Limited - India
  • Larsen & Toubro Limited - India
  • Indian Energy Exchange, India
  • Orica Australia Pty. Ltd.
  • Aditya Birla Group - India
  • TANGEDCO India
  • HSBC - Hong Kong
  • Pendopo Energi Batubara - Indonesia
  • Lafarge - France
  • Independent Power Producers Association of India
  • CCIC - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Peabody Energy - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • Coal and Oil Company - UAE
  • Cargill India Pvt Ltd
  • UOB Asia (HK) Ltd
  • Grasim Industreis Ltd - India
  • Thai Mozambique Logistica
  • JPMorgan - India
  • Simpson Spence & Young - Indonesia
  • Vitol - Bahrain
  • Cemex - Philippines
  • IEA Clean Coal Centre - UK
  • London Commodity Brokers - England
  • Reliance Power - India
  • VISA Power Limited - India
  • SUEK AG - Indonesia
  • Anglo American - United Kingdom
  • Pinang Coal Indonesia
  • UBS Singapore
  • Iligan Light & Power Inc, Philippines
  • Freeport Indonesia
  • Maybank - Singapore
  • Miang Besar Coal Terminal - Indonesia
  • Wood Mackenzie - Singapore
  • South Luzon Thermal Energy Corporation
  • SASOL - South Africa
  • U S Energy Resources
  • Mechel - Russia
  • KPMG - USA
  • Coal India Limited
  • Indian Oil Corporation Limited
  • EMO - The Netherlands
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • BNP Paribas - Singapore
  • Glencore India Pvt. Ltd
  • Eastern Coal Council - USA
  • Arutmin Indonesia
  • Port Waratah Coal Services - Australia
  • Essar Steel Hazira Ltd - India
  • Britmindo - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Economic Council, Georgia
  • Parry Sugars Refinery, India
  • Riau Bara Harum - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • ING Bank NV - Singapore
  • NALCO India
  • SN Aboitiz Power Inc, Philippines
  • PowerSource Philippines DevCo
  • Price Waterhouse Coopers - Russia
  • OCBC - Singapore
  • Africa Commodities Group - South Africa
  • Ceylon Electricity Board - Sri Lanka
  • Billiton Holdings Pty Ltd - Australia
  • Formosa Plastics Group - Taiwan
  • Siam City Cement - Thailand
  • Binh Thuan Hamico - Vietnam
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Clarksons - UK
  • Permata Bank - Indonesia
  • Barclays Capital - USA
  • SMG Consultants - Indonesia
  • Petron Corporation, Philippines
  • Berau Coal - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • SGS (Thailand) Limited
  • Kapuas Tunggal Persada - Indonesia
  • ETA - Dubai
  • TGV SRAAC LIMITED, India
  • Global Business Power Corporation, Philippines
  • KEPCO - South Korea
  • APGENCO India
  • Indian School of Mines
  • Japan Coal Energy Center
  • Cement Manufacturers Association - India
  • Central Java Power - Indonesia
  • Rio Tinto Coal - Australia
  • Bangladesh Power Developement Board
  • Ernst & Young Pvt. Ltd.
  • Makarim & Taira - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Vedanta Resources Plc - India
  • Thermax Limited - India
  • Bhushan Steel Limited - India
  • CoalTek, United States
  • Maersk Broker
  • Indo Tambangraya Megah - Indonesia
  • LBH Netherlands Bv - Netherlands
  • KOWEPO - South Korea
  • SMC Global Power, Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • IMC Shipping - Singapore
  • Ministry of Finance - Indonesia
  • Singapore Mercantile Exchange
  • PetroVietnam Power Coal Import and Supply Company
  • Bhatia International Limited - India
  • bp singapore
  • Ince & co LLP
  • Vale Mozambique
  • Asia Cement - Taiwan
  • Toyota Tsusho Corporation, Japan
  • Medco Energi Mining Internasional
  • Mitsubishi Corporation
  • Core Mineral Indonesia
  • Adaro Indonesia
  • Merrill Lynch Bank
  • Chettinad Cement Corporation Ltd - India
  • Inspectorate - India
  • Idemitsu - Japan
  • EIA - United States
  • Sinarmas Energy and Mining - Indonesia
  • Total Coal South Africa
  • Trasteel International SA, Italy
  • Argus Media - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Attock Cement Pakistan Limited
  • Indonesian Coal Mining Association
  • NTPC Limited - India
  • Edison Trading Spa - Italy
  • Jatenergy - Australia
  • GB Group - China
  • Xindia Steels Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Electricity Authority, New Zealand
  • Leighton Contractors Pty Ltd - Australia
  • Bharathi Cement Corporation - India
  • Tanito Harum - Indonesia
  • Parliament of New Zealand
  • Gujarat Electricity Regulatory Commission - India
  • Inco-Indonesia
  • Indonesia Power. PT
  • Kobexindo Tractors - Indoneisa
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Savvy Resources Ltd - HongKong
  • Humpuss - Indonesia
  • Sarangani Energy Corporation, Philippines
  • The State Trading Corporation of India Ltd
  • World Coal - UK
  • Samsung - South Korea
  • AsiaOL BioFuels Corp., Philippines
  • Coaltrans Conferences
  • Bhoruka Overseas - Indonesia
  • GVK Power & Infra Limited - India
  • IOL Indonesia
  • Intertek Mineral Services - Indonesia
  • Cardiff University - UK
  • CIMB Investment Bank - Malaysia
  • McKinsey & Co - India
  • Rashtriya Ispat Nigam Limited - India
  • The Treasury - Australian Government
  • GMR Energy Limited - India
  • Surastha Cement
  • Uttam Galva Steels Limited - India
  • Samtan Co., Ltd - South Korea
  • Thailand Anthracite
  • GHCL Limited - India
  • Mitra SK Pvt Ltd - India
  • San Jose City I Power Corp, Philippines
  • Coalindo Energy - Indonesia
  • RBS Sempra - UK
  • globalCOAL - UK
  • Cebu Energy, Philippines
  • DBS Bank - Singapore
  • WorleyParsons
  • Cosco
  • Baramulti Group, Indonesia
  • ACC Limited - India
  • Directorate Of Revenue Intelligence - India
  • Jindal Steel & Power Ltd - India
  • Gujarat Sidhee Cement - India
  • Semirara Mining and Power Corporation, Philippines
  • Mjunction Services Limited - India
  • TeaM Sual Corporation - Philippines
  • PTC India Limited - India
  • Qatrana Cement - Jordan
  • Jaiprakash Power Ventures ltd
  • Vizag Seaport Private Limited - India
  • Arch Coal - USA
  • Planning Commission, India
  • Shenhua Group - China
  • Gujarat Mineral Development Corp Ltd - India
  • Timah Investasi Mineral - Indoneisa
  • Tamil Nadu electricity Board
  • Thiess Contractors Indonesia
  • Adani Power Ltd - India
  • Eastern Energy - Thailand
  • Geoservices-GeoAssay Lab
  • Credit Suisse - India
  • Global Green Power PLC Corporation, Philippines
  • Noble Europe Ltd - UK
  • Bayan Resources Tbk. - Indonesia
  • Bulk Trading Sa - Switzerland
  • Global Coal Blending Company Limited - Australia
  • Sindya Power Generating Company Private Ltd
  • Mitsui
  • Manunggal Multi Energi - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Indogreen Group - Indonesia
  • Platts
  • Interocean Group of Companies - India
  • KPCL - India
  • ASAPP Information Group - India
  • Energy Link Ltd, New Zealand
  • Goldman Sachs - Singapore
  • Heidelberg Cement - Germany
  • Chamber of Mines of South Africa
  • Therma Luzon, Inc, Philippines
  • Indika Energy - Indonesia
  • ANZ Bank - Australia
  • Bank of America
  • Antam Resourcindo - Indonesia
  • Lanco Infratech Ltd - India
  • Thriveni
  • Tata Chemicals Ltd - India
  • MEC Coal - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • India Bulls Power Limited - India
  • ICICI Bank Limited - India
  • Posco Energy - South Korea
  • Latin American Coal - Colombia
  • PetroVietnam
  • Meralco Power Generation, Philippines
  • White Energy Company Limited
  • World Bank
  • Wilmar Investment Holdings
  • Cigading International Bulk Terminal - Indonesia
  • TNPL - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Malabar Cements Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Sree Jayajothi Cements Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Power Finance Corporation Ltd., India
  • Sakthi Sugars Limited - India
  • Standard Chartered Bank - UAE
  • PLN - Indonesia
  • Kumho Petrochemical, South Korea
  • Deutsche Bank - India
  • Sical Logistics Limited - India
  • Malco - India
  • CNBM International Corporation - China
  • Tata Power - India
  • Australian Coal Association
  • Maruti Cements - India
  • Rudhra Energy - India
  • Madhucon Powers Ltd - India
  • Kaltim Prima Coal - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • The University of Queensland
  • Carbofer General Trading SA - India
  • Coal Orbis AG
  • Indorama - Singapore
  • Mercator Lines Limited - India
  • Platou - Singapore
  • Infraline Energy - India
  • SRK Consulting
  • Shree Cement - India
  • Bukit Makmur.PT - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Russian Coal LLC
  • Thomson Reuters GRC
  • Coeclerici Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Siam City Cement PLC, Thailand
  • Gresik Semen - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Georgia Ports Authority, United States
  • Mintek Dendrill Indonesia
  • Central Electricity Authority - India
  • PLN Batubara - Indonesia
  • Romanian Commodities Exchange
  • Maharashtra Electricity Regulatory Commission - India
  • New Zealand Coal & Carbon
  • Semirara Mining Corp, Philippines
  • Mercuria Energy - Indonesia
  • Deloitte Consulting - India
  • Ambuja Cements Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Borneo Indobara - Indonesia
  • Oldendorff Carriers - Singapore
  • Kalimantan Lumbung Energi - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • PNOC Exploration Corporation - Philippines
  • The India Cements Ltd
  • BRS Brokers - Singapore
  • TRAFIGURA, South Korea
  • Sojitz Corporation - Japan
  • MS Steel International - UAE
  • Bank of China, Malaysia
  • Agrawal Coal Company - India
  • Renaissance Capital - South Africa
  • Fearnleys - India
  • Ministry of Mines - Canada
  • Krishnapatnam Port Company Ltd. - India
  • Enel Italy
  • Salva Resources Pvt Ltd - India
  • Barasentosa Lestari - Indonesia
  • Dalmia Cement Bharat India
  • Orica Mining Services - Indonesia
  • Kobe Steel Ltd - Japan
  • Karaikal Port Pvt Ltd - India
  • J M Baxi & Co - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Merrill Lynch Commodities Europe
  • Bangkok Bank PCL
  • Energy Development Corp, Philippines
  • Panama Canal Authority
  • Electricity Generating Authority of Thailand
  • GAC Shipping (India) Pvt Ltd
  • Commonwealth Bank - Australia
  • Directorate General of MIneral and Coal - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Metalloyd Limited - United Kingdom
  • Minerals Council of Australia
  • Xstrata Coal
  • Asmin Koalindo Tuhup - Indonesia
  • Petrosea - Indonesia
  • McConnell Dowell - Australia
  • JPower - Japan
  • Moodys - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • IBC Asia (S) Pte Ltd
  • Altura Mining Limited, Indonesia
  • Banpu Public Company Limited - Thailand