We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
|
|
|
Showing 6121 to 6125 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Economic Council, Georgia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
|
| |
| |
|