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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, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
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- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Planning Commission, India
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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