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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, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
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Showing 5926 to 5930 news of total 6871 |
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- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- GMR Energy Limited - India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- The University of Queensland
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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