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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 $200 a tonne, up by about 50 per cent from last year's level, steel firms are actively scouting to acquire such mines abroad and cut input costs.
Source:Press Trust of India / profit.ndtv
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
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- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
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