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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 estimated cost of about $350 million (around Rs 1,680 crore). The move is part of the group’s efforts to secure coal supplies for its forthcoming power projects and is also in line with the recent steps taken by the Indian government to allow domestic companies to buy mines overseas, said people familiar with the development.
The JSW Group, which also owns India’s third-largest steel company, has been carrying out a detailed geological exploration in the Emaswati Colliery (Mpaka Mine) and Maloma anthracite mine, in the eastern part of Swaziland, which has a major chunk of the country’s over one billion tonne coal reserves.
JSW had earlier signed an MoU with the government of Swaziland for detailed exploration of coal reserves in the African country. A final approval for prospecting and mining rights will be granted by the mineral management board of Swaziland.
JSW’s move is also a part of the recent efforts made by the government of Swaziland that had invited global partners to build a coal-fired thermal power station in Mpaka, which has coal reserves of about 150 million tonne.
Apart from being used in the generation of thermal power, coal is also vital for steelmaking. It can be an important move by the Jindals to reduce their production cost. JSW officials declined to comment. JSW Energy, part of the JSW Group, has scheduled an initial public offer to raise Rs 3,000 crore that will part-finance power projects with a total capacity of 3,000 mw. The group said it plans to have total power producing capacity of 11,400 mw by 2015.
Strong demand from steelmakers, especially from Chinese mills, has led coal prices to rebound from a 35% decline last year, with international agencies saying that coal futures for September delivery at Rotterdam have risen 39%. This has enabled most companies to scout for global raw material assets before they rise further.
In fact, on Thursday, state-owned Coal India said it will invest about $1.5 billion (about Rs 7,200 crore) to acquire coal mines overseas to tackle tight supplies as India plans to almost double power capacity. India could likely see shortage of about 228 million tonne by March 2012.
ET had recently reported that JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options to acquire coal mines in South Africa and Australia.
JSW signed a coal sales purchase contract in January with PT Sungai Belati Coal of Indonesia for the supply of coal. The coal shipments are scheduled to start from June 2011 with the supply of one million tonne. The quantity of coal to be bought by JSW in every delivery year shall progressively increase to 8 million tonne by 2014.
Source: The Economic Times
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Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
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- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- The University of Queensland
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- PTC India Limited - India
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