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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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- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- White Energy Company Limited
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Ministry of Finance - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
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