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Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of Essar Group said that South Africa is one of the world’s top coal exporters, and India is a growing export destination.
Mr Firdhose Coovadia Essar’s resident director for the Middle East and Africa told Reuters that “We have an expanding and growing power business in India which requires quite a bit of feedstock and we are trying to secure that feedstock from South Africa.”
He said that Essar was looking at securing 6 million tonnes each year to help meet demand in India, where the group has 25 year contracts with the Indian government. He added that “We need to fulfil those obligations and therefore require steady and competitively priced feedstock to meet our obligations.”
The firm is also looking at selling coal to the power generation market in South Africa and elsewhere on the continent.
Mr Coovadia said that certain South African coal mines had been identified as prospective targets and diligence studies were underway. He did not elaborate which mines were being considered.
Mr Coovadia further said that “We are largely driven by opportunity. Clearly we have a significant war chest for deployment and if the opportunity is right, we are not afraid of deploying capital.”
Essar which has coal mines in India, was also looking to source coal from Australia and Indonesia.
Source: Paguntaka
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Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
Thursday, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
Further step on internationalization track Office in Mumbai Participation in demand for coal imports
HMS Bergbau AG, is an international coal tra ...
Thursday, 05 November 09
SAM'S SEAFOOD HOLDINGS MOVES STEP CLOSER TO COAL EXPLORATION IN INDONESIA
Sam’s Seafood Holdings Limited, which is proposed to be renamed Pan Asia Corporation Limited, is moving closer to becoming an exploration and ...
Wednesday, 04 November 09
INDONESIA CAP ON COAL EXPORTS MAY HIT INDIAN POWER SECTOR
BL reported that Karnataka power sector is likely to be partially impacted by the Indonesian Government move to restrict coal exports.
Private se ...
Wednesday, 04 November 09
SA 2010 COAL EXPORTS SEEN AT 65M TO 68M TONS - ANALYSTS
South Africa's thermal coal exports could rise to as high as 68 million tonnes in 2010 but are more likely to be 64-65 million compared to 60 milli ...
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- Mjunction Services Limited - India
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- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
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- Energy Link Ltd, New Zealand
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- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
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- Madhucon Powers Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
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- Tata Chemicals Ltd - India
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- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
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- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
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- Directorate Of Revenue Intelligence - India
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- Ceylon Electricity Board - Sri Lanka
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- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Planning Commission, India
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- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
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- Simpson Spence & Young - Indonesia
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- Orica Australia Pty. Ltd.
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- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Standard Chartered Bank - UAE
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- Jaiprakash Power Ventures ltd
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- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
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- Therma Luzon, Inc, Philippines
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- European Bulk Services B.V. - Netherlands
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- Indonesian Coal Mining Association
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- Cement Manufacturers Association - India
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- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
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- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
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