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Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
 Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generation Limited (RG), an Australian coal mining company for about A$ 0.575 per share, aggregating to A$10.5 Mn (Rs.45 crore).
An affiliate company of power producer CESC Ltd, ICML has inked an offshore coal procurement contract with RG to purchase 37 million tonne (MT) coal over 20 years from RGL’s Boikarabelo mine in South Africa. ICML will purchase a mln MT of thermal coal per annum for three years and two MTPA for a further 17 years.
The coal will feed future greenfield projects in Haldia in Bengal and Chandrapura in Maharashtra of RPG flagship CESC. CESC owns around 26% in ICML, while for RG, this is a major step in its plan to establish its Boikarabelo mine as a significant supplier of coal for both export and South Africa’s domestic markets.
CESC is a power utility company, with an installed capacity of 1,225 MW in Kolkata and Howrah and this acquisition will enable CESC to increase its capacity to 5,745 MW.
RG is dual-listed company on the Australian and Johannesburg stock exchanges, with coal mining assets in Tasmania in Australia and in South Africa. It also has uranium exploration projects in central-west Africa’s Cameroon.
The coal purchases will begin when the Boikarabelo mine commences production, scheduled for early 2013. The price will be agreed annually, based on the international benchmark price at the time.
The mine is in the Waterberg region of South Africa, one of the country’s largest remaining coal deposits. It is estimated to have 603 MT of reserves, about 40% of South Africa’s untapped coal mines of around 1500 MT.
The international coal sector has seen active participation from Indian steel,coke manufacturers and power generation companies.
This year in April, JSW Energy Ltd acquired 49.8% stake in Royal Bafokeng Capital (Proprietary) Ltd that owns shares in South African Coal Mining Holdings Ltd from Strider Holdings (Proprietary) Ltd. Essar group bought US based Trinity Coal for $600mn and an Indonesian mine $200mn.
Tata Steel has also decided to acquire 80% in the direct shipping ore project of New Millennium Capital Corp, Canada (NML).
Source: Dealcurry
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Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
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- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
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