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Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
 The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimated cost of about $350 million (around Rs 1,680 crore). The move is part of the group’s efforts to secure coal supplies for its forthcoming power projects and is also in line with the recent steps taken by the Indian government to allow domestic companies to buy mines overseas, said people familiar with the development.
The JSW Group, which also owns India’s third-largest steel company, has been carrying out a detailed geological exploration in the Emaswati Colliery (Mpaka Mine) and Maloma anthracite mine, in the eastern part of Swaziland, which has a major chunk of the country’s over one billion tonne coal reserves.
JSW had earlier signed an MoU with the government of Swaziland for detailed exploration of coal reserves in the African country. A final approval for prospecting and mining rights will be granted by the mineral management board of Swaziland.
JSW’s move is also a part of the recent efforts made by the government of Swaziland that had invited global partners to build a coal-fired thermal power station in Mpaka, which has coal reserves of about 150 million tonne.
Apart from being used in the generation of thermal power, coal is also vital for steelmaking. It can be an important move by the Jindals to reduce their production cost. JSW officials declined to comment. JSW Energy, part of the JSW Group, has scheduled an initial public offer to raise Rs 3,000 crore that will part-finance power projects with a total capacity of 3,000 mw. The group said it plans to have total power producing capacity of 11,400 mw by 2015.
Strong demand from steelmakers, especially from Chinese mills, has led coal prices to rebound from a 35% decline last year, with international agencies saying that coal futures for September delivery at Rotterdam have risen 39%. This has enabled most companies to scout for global raw material assets before they rise further.
In fact, on Thursday, state-owned Coal India said it will invest about $1.5 billion (about Rs 7,200 crore) to acquire coal mines overseas to tackle tight supplies as India plans to almost double power capacity. India could likely see shortage of about 228 million tonne by March 2012.
ET had recently reported that JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options to acquire coal mines in South Africa and Australia.
JSW signed a coal sales purchase contract in January with PT Sungai Belati Coal of Indonesia for the supply of coal. The coal shipments are scheduled to start from June 2011 with the supply of one million tonne. The quantity of coal to be bought by JSW in every delivery year shall progressively increase to 8 million tonne by 2014.
Source: The Economic Times
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Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
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- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
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