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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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Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- Anglo American - United Kingdom
- White Energy Company Limited
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- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
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- Ministry of Transport, Egypt
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- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
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- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
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- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
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- Coal and Oil Company - UAE
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- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
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- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
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- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
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- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Africa Commodities Group - South Africa
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- Eastern Energy - Thailand
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- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
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- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
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- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
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- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
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- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
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