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Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
 Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company executive said. The mine has reserves of more than 50 million tonne of thermal coal, which is mainly used in power generation. Though the deal size could not be ascertained, mining experts feel it could be between Rs 350-400 crore depending on the quality and grade. JSPL has interests in steel, power and mining.
“We have acquired a partially operational coal mine, which has proven reserves of around 30 million tonne. If explored further, total reserves could surpass 50 million tonne,” JSPL CEO Vikrant Gujral said. The mine was acquired from South African mining firm ESF, which has more thermal coal mines in its portfolio. The transaction is likely to be funded through a mix of debt and internal accruals.
The acquired thermal coal mine will enable JSPL to secure long term raw material requirement of its proposed power plant in Chhattisgarh while providing an option to sell the surplus coal through open access at spot prices. JSPL’s team in South Africa has already started identifying areas in the mine that have not been explored yet.
Jindal Power, a wholly owned subsidiary of JSPL, is setting up a 1,000-mw thermal power plant at Raigarh in Chhattisgarh with an investment of over Rs 4,500 crore. The parent company already owns open cast coal mines at Raigarh, which have reserves of around 100 million tonne. The mines meet coal requirement of the company’s existing captive power plant in Raigarh.
Several Indian steel firms, including JSPL, have been seeking coal assets in countries such as Canada, South Africa and Indonesia for the past several years due to lack of high quality coal in India. In 2007-08, India imported about 50 million tonnes of coal. The Planning Commission has estimated that demand-supply mismatch in coal may reach 200 million tonne by 2012, increasing country’s import-dependence
Source: Economic Times
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Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
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- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- The University of Queensland
- ASAPP Information Group - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Parliament of New Zealand
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
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