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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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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
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- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- VISA Power Limited - India
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
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- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
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- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Indian Oil Corporation Limited
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