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Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
 NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based CIC Energy for about $411.2 million.
JSW would acquire all the shares of CIC Energy at a price of Canadian dollar (CAD) 7.42 per share, amounting to a total consideration of approximately CAD 422 million ($411.2 million), the company said in a late night release.
JSW Energy is the independent power arm of the JSW Group. It has operational capacity of 1,430 mega watt. In addition, 1,710 mega watt of generating capacity is in an advanced stage of completion. The company is targetting an aggregate generation capacity of 12,070 mega watt by 2015-16.
The acquisition will enable JSW to not only secure the long-term coal requirement for its existing projects but will also be able to accelerate the capacity expansion for its imported coal-based projects," JSW Energy Joint Managing Director and CEO L K Gupta said in the release.
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"CIC has approximately 2.6 billion tonnes of measured coal resources in the Mmamabula region of Botswana in southern Africa ...The reserves have good quality thermal coal with low sulphur that is adequate to meet all the project requirements of JSW Energy," JSW Chairman Sajjan Jindal said.
The reserves can be exploited with an explorable surplus of up to 20 million tonnes per annum over the next 40 years. The reserves can also meet the requirement to set up power plants in Botswana with a capacity of up to 2,000 MW, JSW Energy Vice chairman N K Jain said.
CIC is planning Mmamabula Energy Complex to develop coal mines for export, setting up power plants and conversion of coal to hydrocarbon, the statement said.
The company also said that coal production from the acquired fields is expected to begin over the next three-five years.
The acquisition is done through a subsidiary of JSW Energy. The deal is subject to regulatory approvals and completion of due diligence. The deal, JSW Energy said, is expected to be completed by the last quarter of the current financial year ending March 31, 2011.
Source: NDTV Profit
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Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...
Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better ...
Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year.
Kuzbasskaya Topli ...
Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.
According to Vistaar Shipping of S ...
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- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
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