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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
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