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Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring coal mines in South Africa and Australia, to secure coal supplies for its forthcoming power projects. The company is in the final stages of completing due diligence for a 50-million tonne coal linkage in Indonesia, according to a person close to the development.
JSW Energy has already identified a coal mine in South Africa and is in talks with Australian miners to tie-up fuel linkages for its proposed power plants and for JSW Steel. If the deals are finalised, JSW Energy would get additional coal linkage of 250 mt. Currently, JSW Energy has access to limited coal reserves in India and is largely dependant on imports. Besides making full-fledged acquisitions, JSW Energy is also in talks with the South African government for jointly developing coal mines.
When contacted, joint MD SS Rao said: “We are open to all available overseas options.” He declined to divulge further details as the company has filed a regulatory draft with the Sebi for its forthcoming IPO that aims to raise around Rs 3,000 crore. It has targeted to commission 3,140 mw by the end of 2010. “We may enter the capital market by the end of October , depending on the regulatory approval,” Mr Rao added.
JSW Energy will deploy the proceeds from IPO for developing identified generation and transmission projects, mining ventures and to service debt. It currently generates 560 mw of power from a plant in Karnataka and has 3,090 mw of generating capacity at various stages of implementation. The company has also entered into long-term power purchase agreements with the governments of Rajasthan and Maharashtra.
JSW Energy has plans to import 13 mt of coal for its upcoming power plants at Ratnagiri and Vijaynagar, Karnataka. The company has also secured coal supplies from a block in Orissa where it has a JV with Mahanadi Coalfields, where it would be able to procure around 90 mt in the long term.
Source: The Economic Times
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Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
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- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
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- Edison Trading Spa - Italy
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- Global Coal Blending Company Limited - Australia
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- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
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- Kumho Petrochemical, South Korea
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- New Zealand Coal & Carbon
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- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
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- Baramulti Group, Indonesia
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- GAC Shipping (India) Pvt Ltd
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- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
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- PTC India Limited - India
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- Indonesian Coal Mining Association
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- Economic Council, Georgia
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- Semirara Mining Corp, Philippines
- Planning Commission, India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
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- Tamil Nadu electricity Board
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- Anglo American - United Kingdom
- The University of Queensland
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- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Latin American Coal - Colombia
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