We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
 JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with operations ranging from power generation, transmission, trading, mining and power equipment manufacture.
“We plan to sell the stake held by JSW Steel to JSW Energy and transfer ownership of the reserves in the coal block of Mozambique,” said Sajjan Jindal, vice-chairman and managing director of JSW Steel and CMD of JSW Energy.
JSW had entered into MoUs to acquire four concessions for prospecting and exploration licence for coal and associated minerals. The group paid $6 million as token amount with a commitment to pay royalties once mining commences.
As per the red herring prospectus, on January 4, 2008, JSW Energy entered into a coal sales purchase contract with JSW Natural Resources Mozambique Limitada (“JSW Mozambique”) — an affiliate of JSW Steel. Under this contract, JSW Mozambique agreed to sell six million tonnes of steam coal annually, meeting a gross calorific value of 5,500-6,000 kilocalorie/kg. Delivery of the coal will begin in April 1, 2011, and continue for 25 years, the prospectus said.
During financial year 2008-09, JSW Mozambique posted a net loss of Rs 5.91 crore, and JSW Natural Resources was also in the red. “The whole transfer will be based on proper valuations and we are evaluating the prospect internally as well as by nominated few advisors. However, the timeline has not been decided. Following the transfer, the entire mine will be held by us and the long-term contract with JSW Natural Resources will be terminated,” said Pramod Menon, chief financial officer, JSW Energy.
“We expect the resource base to be sufficient to continue for 25 years. However, we will start with around five million tonnes of coal per annum instead of six million tonnes, as earlier agreed with JSW Natural Resources,” he said.
Jindal said all overseas coal mining asset acquisitions going forward will also be through JSW Energy.
Source: My Digital
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
|
|
|
Showing 6191 to 6195 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
|
| |
| |
|
