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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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Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
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