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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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Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
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- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
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- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
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- Port Waratah Coal Services - Australia
- Parliament of New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Anglo American - United Kingdom
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- Global Business Power Corporation, Philippines
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- Chamber of Mines of South Africa
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- Independent Power Producers Association of India
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- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
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- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
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- Antam Resourcindo - Indonesia
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- Vedanta Resources Plc - India
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- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
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- Africa Commodities Group - South Africa
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- Australian Coal Association
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- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
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- Bangladesh Power Developement Board
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- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Planning Commission, India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- The State Trading Corporation of India Ltd
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- Goldman Sachs - Singapore
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- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Global Coal Blending Company Limited - Australia
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- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
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- Kumho Petrochemical, South Korea
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- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
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- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
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