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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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Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
Wednesday, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
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- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Australian Coal Association
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
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