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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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Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
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- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Minerals Council of Australia
- The University of Queensland
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- White Energy Company Limited
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
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