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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, 02 June 09
GOVT FINALIZING DMO MECHANISM, REFERENCE PRICE FOR COAL - THE JAKARTA POST
Indonesia, the world's largest thermal coal exporter, is finalizing regulations on a reference price on coal, on a domestic market obligation (DMO) ...
Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic p ...
Tuesday, 02 June 09
INDONESIA'S COAL EXPORTS REACH US$ 3.44 BILLION SO FAR THIS YEAR - TRADINGCHARTS
Indonesia`s coal exports in the January-April 2009 period increased by 21.31 per cent to US$3.44 billion compared to US$2.83 billion in the same per ...
Tuesday, 02 June 09
INDONESIA'S BUKIT ASAM AGREES HIGHER COAL PRICES - REUTERS
Indonesian state coal miner PT Bukit Asam Tbk said it has agreed coal prices for two power plants owned by state electricity firm PT Perusahaan List ...
Tuesday, 02 June 09
ADARO MAY RAISE COAL SALES TO CHINA, INDIA PLANTS - THE JAKARTA GLOBE
PT Adaro Energy, the country’s second-largest coal producer, may increase sales of power-plant coal to China and India on signs of a global ec ...
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- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
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