We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
 Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-600 million (Rs 2,500-2,735 crore). Trinity is owned by private equity investment firm Denham Capital Management,
Sources with knowledge of the developments said Essar’s first major coal mine acquisition abroad would provide coking coal and thermal coal linkages for its steel mills in the US and for a power project under construction in India.
Trinity has mines in Kentucky and West Virginia in the US, with reserves of 200 million tonnes and an annual output of about 7 million tonnes.
|
|
“Essar Power, which is implementing close to 4,650 Mw of power projects, has a 1,200-Mw power project coming up in Gujarat, dependent on imported coal”
|
|
|
Sources said negotiations were at an advanced stage and the deal was likely to be closed within two weeks. An Essar Group spokesperson declined to comment.
Essar has a steel plant at Algoma in Canada, acquired in 2007 for $1.63 billion. It also has a steel mill in Minnesota in the US. Essar is expanding capacity at Minnesota Steel in two phases, with a 4.1 million tonnes per annum (mtpa) pellet plant and another 1.5 mtpa steel plant, which is expected to be completed by 2012 and 2015, respectively. It is also planning to expand capacity of Algoma Steel to 5 mtpa from 4 mtpa, said sources.
Essar Power, which is implementing close to 4,650 Mw of power projects, has a 1,200-Mw power project coming up in Gujarat, dependent on imported coal. It is setting up a Rs 4,800-crore power project at Salaya near Jamnagar in Gujarat and the imported coal-based project is slated for completion by 2011.
All major power producers are scouting for coal mines abroad, mainly in Indonesia, South Africa, Australia and even in the distant US market.
Leading power sector companies such as Tata Power, Reliance Power and GMR Energy have already acquired coal mines in Indonesia. In August 2007, Tata Power acquired a 30 per cent stake in Indonesian energy giant PT Bumi Resources by paying close to $1.3 billion. Anil Dhirubhai Ambani Group firm Reliance Power also acquired three coal mines in Indonesia, with plans to spend over $650 million (over Rs 3,000 crore) to develop these.
GMR Energy also acquired 100 per cent ownership interest of Barasentosa Lestari coal mine in Indonesia by investing Rs 400 crore.
In the last two years, almost all power project developers like state-owned National Thermal Power Corporation (NTPC), Essar Power, Adani Power, JSW Energy, Indiabulls Power and Lanco Infratech have been searching for coal mines in Indonesia, to fuel some of their proposed power projects.
The Sajjan Jindal promoted JSW Energy is also planning to invest over Rs 4,500 crore to acquire coal mines abroad.
In the past, the Essar Group had acquired Dhabi Group’s telecom businesses in Uganda and Congo, Warid Telecom Uganda and Warid Congo. It also acquired a 50 per cent stake in Kenya Petroleum Refineries (KPRL) from Shell, BP and Chevron for an undisclosed sum.
Source: Business-Standard
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
|
|
|
Showing 5801 to 5805 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
|
| |
| |
|
