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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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Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
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- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
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