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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, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
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- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Aditya Birla Group - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Planning Commission, India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
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