We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
|
|
|
Showing 6596 to 6600 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Australian Coal Association
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
|
| |
| |
|
