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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.
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“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”
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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 $650 million (over Rs 3,000 crore) to develop these.
GMR Energy also acquired 100 per cent ownership interest of Barasentosa Lestari coal mine in Indonesia by investing Rs 400 crore.
In the last two years, almost all power project developers like state-owned National Thermal Power Corporation (NTPC), Essar Power, Adani Power, JSW Energy, Indiabulls Power and Lanco Infratech have been searching for coal mines in Indonesia, to fuel some of their proposed power projects.
The Sajjan Jindal promoted JSW Energy is also planning to invest over Rs 4,500 crore to acquire coal mines abroad.
In the past, the Essar Group had acquired Dhabi Group’s telecom businesses in Uganda and Congo, Warid Telecom Uganda and Warid Congo. It also acquired a 50 per cent stake in Kenya Petroleum Refineries (KPRL) from Shell, BP and Chevron for an undisclosed sum.
Source: Business-Standard
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Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
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Showing 5876 to 5880 news of total 6871 |
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- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Australian Coal Association
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
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