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Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
 JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to partially meet the rising raw material need of its steel business.
"Following the board approval to acquire certain coking coal mining concessions in USA on May 3, 2010, the company completed the acquisition," the company said in filing to the Bombay Stock Exchange.
"...It is planned to produce 1 million tonnes of coal in the first year starting from September 2010 which will go up to three million tonnes in the third year of operation," it added.
Moreover, the company said it is actively looking at acquisitions of coal mines to feed its rising steel production capacity.
The acquired coal assets with resources of 123 million tonnes are located in West Virginia in the US. These mines are owned by a string of US-based companies.
"While the total coking coal requirement of the company is estimated at 5 million tonnes per annum at the current capacity (about 6 million tonnes) the proposed coking coal from US will give integration to the extent of 20 per cent in the first year and goes up further at enhanced capacity of 11 million tonnes to 35 per cent," it said.
"The integration will benefit the company immensely even after factoring the higher freight from USA to India," it added.
The company currently has an installed production capacity of a little over six million tonnes in Vijaynagar in Karnataka and is working to add another three million tones to it. It also operates a one million tonne per annum plant in Salem.
With coking coal rates hovering around $200 a tonne, up by about 50 per cent from last year's level, steel firms are actively scouting to acquire such mines abroad and cut input costs.
Source:Press Trust of India / profit.ndtv
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Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...
Thursday, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...
Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...
Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned electricity company forecasted its coal requirement in 2014 would be around 95 million tons. ...
Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...
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- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Planning Commission, India
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Australian Coal Association
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
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