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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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Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
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- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
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