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Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
 Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to minimise dependence on other overseas companies, said a person with direct knowledge of the development.
Although the person did not reveal the deal size, an expert tracking the sector said it could be anywhere between $70 to $100 million (Rs 350-500 crore) depending on the quality of coal and how far the mine is from the port. Thermal coal is a key input in power generation.
The acquisition, if successful, would be funded through a mix of internal accruals and debt, the person added. Coal from the mine would be shipped to India for captive use in the company's three upcoming power plants. JSW Energy, part of the JSW Group, has interests in power generation, transmission, distribution and trading.
The JSW Energy official spokesman declined to comment on the proposed deal. Currently, the company has access to limited thermal coal reserves in India and is largely dependant on imports. Besides making full-fledged acquisitions, the firm is also in talks with the local African government for jointly developing thermal coal mines.
According to a Delhi-based independent steel analyst, the procedure to access a coal mine in India is arduous and raises environmental issues. So, domestic power firms are constantly looking for mineral resources overseas.
Thermal coal is most well-found resource in the world and is available in abundance in Africa and Indonesia. JSW Energy is in the process of installing three power plants, one each in Karnataka (600 MW), Rajasthan (1,080 MW) and Maharashtra (1,200 MW). The company has already commissioned 300 MW in Karnataka.
Source: source:http://coaljunction.in/market_news/jsw_to_buy_thermal_coal_mine_i.php
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Wednesday, 25 March 09
MINISTER ASKS ROYALTIES BE PAID IN COAL, NOT CURRENCY - THE JAKARTA POST
Coal companies could pay their royalties to the government in coal, rather than in rupiah, under a proposal made by Energy and Mineral Resources Min ...
Wednesday, 25 March 09
INDONESIA'S STATE ELECTRICITY COMPANY DEMAND FOR COAL TO SOAR NEXT YEAR AS POWER OUTPUT RISES - THE JAKARTA POST
State electricity company PT PLN will need more coal next year as it seeks to generate more power through new plants operated by its subsidiary PT I ...
Tuesday, 24 March 09
INDONESIA'S KPC AGREES FIRST MAJOR CHINA COAL DEAL - REUTERS
Indonesian miner PT Kaltim Prima Coal last week agreed its first major long-term deal to sell thermal coal to China, with 1 million tonnes to be shi ...
Tuesday, 24 March 09
INDONESIA ANTAM'S SETS ASIDE $37 MLN FOR COAL MINES - REUTERS
Indonesian state-owned miner, PT Aneka Tambang Tbk, has allocated $37 million for acquiring coal mines, the company said on Monday.
Antam said la ...
Monday, 23 March 09
NIPPON STEEL, BMA AGREE TO 57 PCT CUT IN COAL PRICE - REUTERS
Nippon Steel Corp has agreed with Australia's BHP Billiton Mitsubishi Alliance (BMA) to pay $128 to $129 per tonne for coking coal in the year from ...
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- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- White Energy Company Limited
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Australian Coal Association
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