COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES


Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million   tonnes, to minimise dependence on other overseas companies, said a person with direct knowledge of the development.

Although the person did not reveal the deal size, an expert tracking the sector said it could be anywhere between $70-100 million (Rs 350-500 crore) depending on the quality of coal and how far the mine is from the port. Thermal coal is a key input in power generation.

The acquisition, if successful, would be funded through a mix of internal accruals and debt, the person added. Coal from the mine would be shipped to India for captive use in the company’s three upcoming power plants. JSW Energy, part of the JSW Group, has interests in power generation, transmission, distribution and trading.

The JSW Energy official spokesman declined to comment on the proposed deal. Currently, the company has access to limited thermal coal reserves in India and is largely dependant on imports. Besides making full-fledged acquisitions, the firm is also in talks with the local African government for jointly developing thermal coal mines.

According to a Delhi-based independent steel analyst, the procedure to access a coal mine in India is arduous and raises environmental issues. So, domestic power firms are constantly looking for mineral resources overseas.

Thermal coal is most well-found resource in the world and is available in abundance in Africa and Indonesia.  JSW Energy is in the process of installing three power plants, one each in Karnataka (600 mw), Rajasthan (1,080 mw) and Maharashtra (1,200 mw). The company has already commissioned 300 mw in Karnataka.

Source: http://economictimes.indiatimes.com/Metals--Mining/JSW-Energy-set-to-snap-up-African-coal-mine-for-70-mn/articleshow/4452637.cms



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU
PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts re ...


Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives w ...


Monday, 20 April 09
INTERNATIONAL INVESTORS SEEK TO SELL ADARO STAKES - MONEY.CNN
Some international investors in PT Adaro Energy ( ADRO.JK) have approached other companies to sell around a combined 17% stake in the coal miner via ...


Friday, 17 April 09
BHATIA COAL INDIA, VITOL IN DISPUTE - COAL JUNCTION
Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitratio ...


Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...


   1360 1361 1362 1363 1364   
Showing 6806 to 6810 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Jorong Barutama Greston.PT - Indonesia
  • SMC Global Power, Philippines
  • TANGEDCO India
  • Core Mineral Indonesia
  • Malco - India
  • PLN - Indonesia
  • Sical Logistics Limited - India
  • McKinsey & Co - India
  • PowerSource Philippines DevCo
  • Deloitte Consulting - India
  • McConnell Dowell - Australia
  • Coeclerici Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • GHCL Limited - India
  • CNBM International Corporation - China
  • Ince & co LLP
  • SGS (Thailand) Limited
  • Parliament of New Zealand
  • IOL Indonesia
  • Ministry of Transport, Egypt
  • Cargill India Pvt Ltd
  • Arch Coal - USA
  • Kobe Steel Ltd - Japan
  • Idemitsu - Japan
  • Alfred C Toepfer International GmbH - Germany
  • Shenhua Group - China
  • Platou - Singapore
  • Coaltrans Conferences
  • Toyota Tsusho Corporation, Japan
  • Electricity Generating Authority of Thailand
  • Parry Sugars Refinery, India
  • Lanco Infratech Ltd - India
  • Cardiff University - UK
  • Orica Australia Pty. Ltd.
  • Asmin Koalindo Tuhup - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Siam City Cement - Thailand
  • Tata Chemicals Ltd - India
  • Fearnleys - India
  • Samsung - South Korea
  • Renaissance Capital - South Africa
  • APGENCO India
  • Chamber of Mines of South Africa
  • Geoservices-GeoAssay Lab
  • Jatenergy - Australia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Thai Mozambique Logistica
  • SUEK AG - Indonesia
  • KPMG - USA
  • Planning Commission, India
  • Mitsui
  • Inco-Indonesia
  • Panama Canal Authority
  • OCBC - Singapore
  • Metalloyd Limited - United Kingdom
  • Pendopo Energi Batubara - Indonesia
  • Australian Coal Association
  • OPG Power Generation Pvt Ltd - India
  • Anglo American - United Kingdom
  • Credit Suisse - India
  • Dalmia Cement Bharat India
  • Iligan Light & Power Inc, Philippines
  • Indogreen Group - Indonesia
  • Port Waratah Coal Services - Australia
  • Semirara Mining and Power Corporation, Philippines
  • Kumho Petrochemical, South Korea
  • White Energy Company Limited
  • Thailand Anthracite
  • Bhushan Steel Limited - India
  • Price Waterhouse Coopers - Russia
  • TNB Fuel Sdn Bhd - Malaysia
  • Xindia Steels Limited - India
  • Infraline Energy - India
  • RBS Sempra - UK
  • GB Group - China
  • Merrill Lynch Bank
  • Tanito Harum - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Global Coal Blending Company Limited - Australia
  • World Coal - UK
  • Barasentosa Lestari - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • New Zealand Coal & Carbon
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Indian Oil Corporation Limited
  • Standard Chartered Bank - UAE
  • Madhucon Powers Ltd - India
  • Indonesia Power. PT
  • globalCOAL - UK
  • Barclays Capital - USA
  • Sojitz Corporation - Japan
  • KOWEPO - South Korea
  • Petron Corporation, Philippines
  • Kalimantan Lumbung Energi - Indonesia
  • Gupta Coal India Ltd
  • Bharathi Cement Corporation - India
  • Cigading International Bulk Terminal - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Cebu Energy, Philippines
  • Gresik Semen - Indonesia
  • Baramulti Group, Indonesia
  • Bank of China, Malaysia
  • Humpuss - Indonesia
  • Runge Indonesia
  • Asia Cement - Taiwan
  • CCIC - Indonesia
  • Rudhra Energy - India
  • ETA - Dubai
  • Directorate General of MIneral and Coal - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • GVK Power & Infra Limited - India
  • Maybank - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • Rashtriya Ispat Nigam Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Orica Mining Services - Indonesia
  • Merrill Lynch Commodities Europe
  • Bahari Cakrawala Sebuku - Indonesia
  • Mintek Dendrill Indonesia
  • Borneo Indobara - Indonesia
  • Tamil Nadu electricity Board
  • Pinang Coal Indonesia
  • LBH Netherlands Bv - Netherlands
  • Bulk Trading Sa - Switzerland
  • GMR Energy Limited - India
  • The Treasury - Australian Government
  • Medco Energi Mining Internasional
  • Thomson Reuters GRC
  • Thriveni
  • GAC Shipping (India) Pvt Ltd
  • Aditya Birla Group - India
  • SN Aboitiz Power Inc, Philippines
  • J M Baxi & Co - India
  • KPCL - India
  • BNP Paribas - Singapore
  • The University of Queensland
  • Therma Luzon, Inc, Philippines
  • Deutsche Bank - India
  • Global Business Power Corporation, Philippines
  • Mercator Lines Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • WorleyParsons
  • Sarangani Energy Corporation, Philippines
  • European Bulk Services B.V. - Netherlands
  • Latin American Coal - Colombia
  • Permata Bank - Indonesia
  • Banpu Public Company Limited - Thailand
  • Indo Tambangraya Megah - Indonesia
  • CESC Limited - India
  • Xstrata Coal
  • SASOL - South Africa
  • PetroVietnam
  • TNPL - India
  • Vedanta Resources Plc - India
  • CIMB Investment Bank - Malaysia
  • Heidelberg Cement - Germany
  • ASAPP Information Group - India
  • Formosa Plastics Group - Taiwan
  • IMC Shipping - Singapore
  • Bukit Makmur.PT - Indonesia
  • Eastern Energy - Thailand
  • Clarksons - UK
  • MEC Coal - Indonesia
  • Vitol - Bahrain
  • Qatrana Cement - Jordan
  • Goldman Sachs - Singapore
  • CoalTek, United States
  • Meenaskhi Energy Private Limited - India
  • Coastal Gujarat Power Limited - India
  • PTC India Limited - India
  • Cement Manufacturers Association - India
  • Sucofindo - Indonesia
  • Vale Mozambique
  • TRAFIGURA, South Korea
  • Minerals Council of Australia
  • Star Paper Mills Limited - India
  • Makarim & Taira - Indonesia
  • Mitsubishi Corporation
  • MS Steel International - UAE
  • Ceylon Electricity Board - Sri Lanka
  • Asian Development Bank
  • BRS Brokers - Singapore
  • Mitra SK Pvt Ltd - India
  • Agrawal Coal Company - India
  • Billiton Holdings Pty Ltd - Australia
  • ING Bank NV - Singapore
  • Maruti Cements - India
  • Kaltim Prima Coal - Indonesia
  • Freeport Indonesia
  • Berau Coal - Indonesia
  • JPower - Japan
  • The State Trading Corporation of India Ltd
  • Uttam Galva Steels Limited - India
  • Lafarge - France
  • Indian Energy Exchange, India
  • Leighton Contractors Pty Ltd - Australia
  • World Bank
  • IEA Clean Coal Centre - UK
  • Inspectorate - India
  • Interocean Group of Companies - India
  • Coal India Limited
  • Salva Resources Pvt Ltd - India
  • Indorama - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • Binh Thuan Hamico - Vietnam
  • Platts
  • Enel Italy
  • Commonwealth Bank - Australia
  • Moodys - Singapore
  • Intertek Mineral Services - Indonesia
  • Sree Jayajothi Cements Limited - India
  • U S Energy Resources
  • Sindya Power Generating Company Private Ltd
  • Globalindo Alam Lestari - Indonesia
  • Videocon Industries ltd - India
  • Maheswari Brothers Coal Limited - India
  • Edison Trading Spa - Italy
  • NTPC Limited - India
  • Bangladesh Power Developement Board
  • Bukit Asam (Persero) Tbk - Indonesia
  • Trasteel International SA, Italy
  • Adani Power Ltd - India
  • Central Electricity Authority - India
  • Bukit Baiduri Energy - Indonesia
  • EMO - The Netherlands
  • TGV SRAAC LIMITED, India
  • India Bulls Power Limited - India
  • Adaro Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Russian Coal LLC
  • Energy Link Ltd, New Zealand
  • Noble Europe Ltd - UK
  • Tata Power - India
  • UBS Singapore
  • bp singapore
  • International Coal Ventures Pvt Ltd - India
  • Kepco SPC Power Corporation, Philippines
  • Coal Orbis AG
  • The India Cements Ltd
  • Gujarat Sidhee Cement - India
  • SMG Consultants - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Electricity Authority, New Zealand
  • Total Coal South Africa
  • GN Power Mariveles Coal Plant, Philippines
  • Malabar Cements Ltd - India
  • Petrosea - Indonesia
  • Essar Steel Hazira Ltd - India
  • Thiess Contractors Indonesia
  • Semirara Mining Corp, Philippines
  • TeaM Sual Corporation - Philippines
  • ACC Limited - India
  • PLN Batubara - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Larsen & Toubro Limited - India
  • Bangkok Bank PCL
  • Coal and Oil Company - UAE
  • Aboitiz Power Corporation - Philippines
  • Simpson Spence & Young - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Energy Development Corp, Philippines
  • Bhatia International Limited - India
  • Australian Commodity Traders Exchange
  • Posco Energy - South Korea
  • Rio Tinto Coal - Australia
  • Directorate Of Revenue Intelligence - India
  • IBC Asia (S) Pte Ltd
  • Altura Mining Limited, Indonesia
  • Cosco
  • VISA Power Limited - India
  • Samtan Co., Ltd - South Korea
  • Power Finance Corporation Ltd., India
  • Holcim Trading Pte Ltd - Singapore
  • Grasim Industreis Ltd - India
  • Kobexindo Tractors - Indoneisa
  • Coalindo Energy - Indonesia
  • Mjunction Services Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Attock Cement Pakistan Limited
  • IHS Mccloskey Coal Group - USA
  • KEPCO - South Korea
  • Straits Asia Resources Limited - Singapore
  • Indonesian Coal Mining Association
  • Marubeni Corporation - India
  • Ind-Barath Power Infra Limited - India
  • Riau Bara Harum - Indonesia
  • Wilmar Investment Holdings
  • Sinarmas Energy and Mining - Indonesia
  • Japan Coal Energy Center
  • ANZ Bank - Australia
  • Carbofer General Trading SA - India
  • Britmindo - Indonesia
  • Cemex - Philippines
  • SRK Consulting
  • Georgia Ports Authority, United States
  • Mechel - Russia
  • Shree Cement - India
  • Indika Energy - Indonesia
  • Romanian Commodities Exchange
  • Ministry of Finance - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • ICICI Bank Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Kartika Selabumi Mining - Indonesia
  • Siam City Cement PLC, Thailand
  • Sakthi Sugars Limited - India
  • Maersk Broker
  • Ambuja Cements Ltd - India
  • San Jose City I Power Corp, Philippines
  • Indian School of Mines
  • Bhoruka Overseas - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Independent Power Producers Association of India
  • Vizag Seaport Private Limited - India
  • Economic Council, Georgia
  • Arutmin Indonesia
  • Kideco Jaya Agung - Indonesia
  • Mercuria Energy - Indonesia
  • Manunggal Multi Energi - Indonesia
  • DBS Bank - Singapore
  • GNFC Limited - India
  • Wood Mackenzie - Singapore
  • Ministry of Mines - Canada
  • Argus Media - Singapore
  • Global Green Power PLC Corporation, Philippines
  • HSBC - Hong Kong
  • Reliance Power - India
  • Savvy Resources Ltd - HongKong
  • UOB Asia (HK) Ltd
  • London Commodity Brokers - England
  • Surastha Cement
  • Oldendorff Carriers - Singapore
  • Eastern Coal Council - USA
  • Africa Commodities Group - South Africa
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Peabody Energy - USA
  • Jindal Steel & Power Ltd - India
  • JPMorgan - India
  • Antam Resourcindo - Indonesia
  • Bank of America
  • Singapore Mercantile Exchange
  • Kapuas Tunggal Persada - Indonesia
  • Meralco Power Generation, Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Glencore India Pvt. Ltd
  • Thermax Limited - India
  • NALCO India
  • South Luzon Thermal Energy Corporation
  • EIA - United States
  • Jaiprakash Power Ventures ltd
  • Central Java Power - Indonesia