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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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Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
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- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
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