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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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Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
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- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- White Energy Company Limited
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- The University of Queensland
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Australian Coal Association
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- The Treasury - Australian Government
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