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Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
 JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with operations ranging from power generation, transmission, trading, mining and power equipment manufacture.
“We plan to sell the stake held by JSW Steel to JSW Energy and transfer ownership of the reserves in the coal block of Mozambique,” said Sajjan Jindal, vice-chairman and managing director of JSW Steel and CMD of JSW Energy.
JSW had entered into MoUs to acquire four concessions for prospecting and exploration licence for coal and associated minerals. The group paid $6 million as token amount with a commitment to pay royalties once mining commences.
As per the red herring prospectus, on January 4, 2008, JSW Energy entered into a coal sales purchase contract with JSW Natural Resources Mozambique Limitada (“JSW Mozambique”) — an affiliate of JSW Steel. Under this contract, JSW Mozambique agreed to sell six million tonnes of steam coal annually, meeting a gross calorific value of 5,500-6,000 kilocalorie/kg. Delivery of the coal will begin in April 1, 2011, and continue for 25 years, the prospectus said.
During financial year 2008-09, JSW Mozambique posted a net loss of Rs 5.91 crore, and JSW Natural Resources was also in the red. “The whole transfer will be based on proper valuations and we are evaluating the prospect internally as well as by nominated few advisors. However, the timeline has not been decided. Following the transfer, the entire mine will be held by us and the long-term contract with JSW Natural Resources will be terminated,” said Pramod Menon, chief financial officer, JSW Energy.
“We expect the resource base to be sufficient to continue for 25 years. However, we will start with around five million tonnes of coal per annum instead of six million tonnes, as earlier agreed with JSW Natural Resources,” he said.
Jindal said all overseas coal mining asset acquisitions going forward will also be through JSW Energy.
Source: My Digital
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Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
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- Australian Coal Association
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- PTC India Limited - India
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
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