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Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the group are located in the Kutai region of East Kalimantan
Gets access to 100 million tonnes of thermal coal
The Hindu Business Line reported that, Less than a month after it acquired a coal mine in the US, the Essar Group has signed an agreement to buy Aries coal mines in Indonesia for an undisclosed amount.
The deal gives Essar Power access to an estimated resource base of 100 million tonnes of thermal coal and mineable reserves of 64 million tonnes. The transaction is subject to regulatory approvals and expected to be closed next month.
On March 6, the group, through its subsidiary Essar Minerals, Delaware, and Denham Capital, an energy and commodities-focused global private equity firm, acquired US-based Trinity Coal Partners LLC for $600 million from Boston-based Denham Capital.
The coal from Trinity would also be used for the Essar group's steel plant in Algoma, Canada.
Essar Power, the second largest private power producer in India, has promoted six projects to ramp up its capacity from 1,220 MW to 6,100 MW by 2012. The deal to acquire coal mines in Indonesia is part of its strategy to achieve backward integration and secure raw material.
The Aries coal mines are located in the Kutai region of East Kalimantan. The high-quality bituminous coal has gross calorific value of 6,000 with low ash and moisture content that suits power plants. Production from the Indonesian mine is expected to start in a year.
Mr Anshuman Ruia, Director, Essar Group, said, “The Indonesia mines are an excellent addition to our growing portfolio of coal assets. The acquisition adds another 100 million tonnes to our existing thermal coal resource base of about 275 million tonnes in India.” To read more The Hindu Business Line
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Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Planning Commission, India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
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