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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, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
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- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
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