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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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Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
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- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
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