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Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion.
The company is seeking mines in nations including Australia and South Africa, Managing Director Sajjan Jindal said in an interview in Mumbai. JSW Steel plans to secure half of its coal requirement overseas, he said.
JSW Steel is looking at new locations after failing to find coking coal at its exploration project in Mozambique. Prices of steelmaking materials including coking coal and iron ore surged in the past five years because of rising demand from China, the biggest producer of steel.
The company plans to raise capacity by more than a third to 10 million metric tons at its Vijayanagar plant in South India by 2011, Jindal said. Following the expansion, it aims to build a mill in the eastern state of West Bengal with an initial capacity of 3 million tons, he said.
source: Bloomberg
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Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
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- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
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- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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- Metalloyd Limited - United Kingdom
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- New Zealand Coal & Carbon
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- Minerals Council of Australia
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- Ceylon Electricity Board - Sri Lanka
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- Sakthi Sugars Limited - India
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- Baramulti Group, Indonesia
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- Georgia Ports Authority, United States
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- Banpu Public Company Limited - Thailand
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- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
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- Merrill Lynch Commodities Europe
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- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
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- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
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- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
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- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Singapore Mercantile Exchange
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- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
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- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
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- Therma Luzon, Inc, Philippines
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- Commonwealth Bank - Australia
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- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
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- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
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- The University of Queensland
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- European Bulk Services B.V. - Netherlands
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- White Energy Company Limited
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- Bangladesh Power Developement Board
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- Economic Council, Georgia
- Australian Commodity Traders Exchange
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- San Jose City I Power Corp, Philippines
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- Edison Trading Spa - Italy
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- Bank of Tokyo Mitsubishi UFJ Ltd
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