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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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Tuesday, 01 September 09
THREE COAL INVESTMENTS AND A SECTOR ON FIRE
With recession fears fading into the past in Asia and growth increasingly back on track in the West, global energy demand is again surging. It's no ...
Tuesday, 01 September 09
GLOBAL COAL PRICES UNDER PRESSURE AS CHINESE PROVINCE RETURNS TO THE PRODUCTION FRAY - REUTERS
China is set to return to role of coal exporter as the deadline for thousands of small coal mines in its Shanxi province to reopen after being shut ...
Tuesday, 01 September 09
INDONESIA PLN SECURES 1.9 MILLION TONNES COAL FOR NEW POWER PLANT
Reuters reported that Indonesia's state electricity firm PT Perusahaan Listrik Negara has secured 1.9 million tonnes of sub bituminous coal per yea ...
Tuesday, 01 September 09
EXPORT OF COAL RAW MATERIAL SHOULD BE REDUCED - INDONESIAN OFFICIAL
Antara reported that, Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finish ...
Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent ...
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- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- The University of Queensland
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
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