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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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Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
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- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- White Energy Company Limited
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
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