COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...


Tuesday, 22 December 09
NEWCASTLE COAL SHIP QUEUE LONGEST IN TWO YEARS AS EXPORTS SLOW
Bloomberg reported that, the queue of coal ships waiting at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, ...


Monday, 21 December 09
INDONESIA HAS EXPORTED AROUND 195.303 MILLION TONS OF COAL TILL END OF NOVEMBER 2009
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in November 2009, by taking 28.69% of  total exported quan ...


Monday, 21 December 09
RUSSIAN COAL MINER SUEK EYES '10 LONDON IPO
* Company valued at around $8-$9 bln - banking source * IPO could take place in H1 - source * May list 25 pct of share capital - report Reuters ...


Monday, 21 December 09
IGCC OUTLOOK CHINA 2010 TO BE HELD IN APRIL 2010 IN SHANGHAI
COALspot.com (China): Press Release -  Aiming at unveiling the growth area of IGCC polygeneration, IGCC Outlook China 2010 is planned to be hel ...


   1229 1230 1231 1232 1233   
Showing 6151 to 6155 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Noble Europe Ltd - UK
  • Runge Indonesia
  • SGS (Thailand) Limited
  • Salva Resources Pvt Ltd - India
  • Platts
  • Electricity Authority, New Zealand
  • Xstrata Coal
  • Malco - India
  • Metalloyd Limited - United Kingdom
  • IBC Asia (S) Pte Ltd
  • Inspectorate - India
  • Ind-Barath Power Infra Limited - India
  • ANZ Bank - Australia
  • Binh Thuan Hamico - Vietnam
  • Riau Bara Harum - Indonesia
  • Samsung - South Korea
  • Semirara Mining Corp, Philippines
  • Indogreen Group - Indonesia
  • Indian School of Mines
  • Siam City Cement PLC, Thailand
  • Manunggal Multi Energi - Indonesia
  • Qatrana Cement - Jordan
  • Pinang Coal Indonesia
  • Cement Manufacturers Association - India
  • Platou - Singapore
  • Vitol - Bahrain
  • Indonesian Coal Mining Association
  • Aditya Birla Group - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Therma Luzon, Inc, Philippines
  • Petron Corporation, Philippines
  • Maheswari Brothers Coal Limited - India
  • Petrosea - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Mercator Lines Limited - India
  • Total Coal South Africa
  • Bukit Asam (Persero) Tbk - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Surastha Cement
  • PLN Batubara - Indonesia
  • Medco Energi Mining Internasional
  • TRAFIGURA, South Korea
  • Georgia Ports Authority, United States
  • Mercuria Energy - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Coal and Oil Company - UAE
  • Pipit Mutiara Jaya. PT, Indonesia
  • Indian Oil Corporation Limited
  • Independent Power Producers Association of India
  • Ministry of Finance - Indonesia
  • DBS Bank - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • CESC Limited - India
  • Directorate Of Revenue Intelligence - India
  • Maruti Cements - India
  • CoalTek, United States
  • World Bank
  • Samtan Co., Ltd - South Korea
  • Sinarmas Energy and Mining - Indonesia
  • Formosa Plastics Group - Taiwan
  • Panama Canal Authority
  • OCBC - Singapore
  • Interocean Group of Companies - India
  • Vedanta Resources Plc - India
  • CIMB Investment Bank - Malaysia
  • Straits Asia Resources Limited - Singapore
  • Tata Power - India
  • Argus Media - Singapore
  • International Coal Ventures Pvt Ltd - India
  • Gupta Coal India Ltd
  • Asian Development Bank
  • Jindal Steel & Power Ltd - India
  • Antam Resourcindo - Indonesia
  • Chamber of Mines of South Africa
  • Bangkok Bank PCL
  • Karaikal Port Pvt Ltd - India
  • Ernst & Young Pvt. Ltd.
  • MS Steel International - UAE
  • Sical Logistics Limited - India
  • Heidelberg Cement - Germany
  • BNP Paribas - Singapore
  • Holcim Trading Pte Ltd - Singapore
  • Kartika Selabumi Mining - Indonesia
  • India Bulls Power Limited - India
  • Cargill India Pvt Ltd
  • Deloitte Consulting - India
  • Altura Mining Limited, Indonesia
  • Kobexindo Tractors - Indoneisa
  • Rashtriya Ispat Nigam Limited - India
  • Thermax Limited - India
  • UBS Singapore
  • Intertek Mineral Services - Indonesia
  • HSBC - Hong Kong
  • Simpson Spence & Young - Indonesia
  • Ministry of Mines - Canada
  • Mechel - Russia
  • Central Electricity Authority - India
  • Miang Besar Coal Terminal - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Indika Energy - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Moodys - Singapore
  • San Jose City I Power Corp, Philippines
  • Idemitsu - Japan
  • OPG Power Generation Pvt Ltd - India
  • Meralco Power Generation, Philippines
  • Freeport Indonesia
  • CNBM International Corporation - China
  • GHCL Limited - India
  • The State Trading Corporation of India Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Sojitz Corporation - Japan
  • Merrill Lynch Bank
  • Uttam Galva Steels Limited - India
  • Lanco Infratech Ltd - India
  • ASAPP Information Group - India
  • Ince & co LLP
  • Bulk Trading Sa - Switzerland
  • Merrill Lynch Commodities Europe
  • Mitra SK Pvt Ltd - India
  • VISA Power Limited - India
  • Rudhra Energy - India
  • Romanian Commodities Exchange
  • GMR Energy Limited - India
  • Trasteel International SA, Italy
  • Credit Suisse - India
  • GN Power Mariveles Coal Plant, Philippines
  • Sakthi Sugars Limited - India
  • Agrawal Coal Company - India
  • Thiess Contractors Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Malabar Cements Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • Bukit Makmur.PT - Indonesia
  • Cardiff University - UK
  • NALCO India
  • TeaM Sual Corporation - Philippines
  • Cigading International Bulk Terminal - Indonesia
  • LBH Netherlands Bv - Netherlands
  • The India Cements Ltd
  • Singapore Mercantile Exchange
  • Price Waterhouse Coopers - Russia
  • PetroVietnam
  • Central Java Power - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Bharathi Cement Corporation - India
  • Inco-Indonesia
  • Madhucon Powers Ltd - India
  • Mitsui
  • globalCOAL - UK
  • NTPC Limited - India
  • Star Paper Mills Limited - India
  • CCIC - Indonesia
  • RBS Sempra - UK
  • Coeclerici Indonesia
  • London Commodity Brokers - England
  • Energy Link Ltd, New Zealand
  • Parliament of New Zealand
  • Bayan Resources Tbk. - Indonesia
  • Coalindo Energy - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Planning Commission, India
  • Asmin Koalindo Tuhup - Indonesia
  • Ministry of Transport, Egypt
  • Cosco
  • ING Bank NV - Singapore
  • Goldman Sachs - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • Aboitiz Power Corporation - Philippines
  • SUEK AG - Indonesia
  • Coastal Gujarat Power Limited - India
  • ICICI Bank Limited - India
  • Kideco Jaya Agung - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Tamil Nadu electricity Board
  • UOB Asia (HK) Ltd
  • Arutmin Indonesia
  • Maersk Broker
  • Kepco SPC Power Corporation, Philippines
  • U S Energy Resources
  • Barasentosa Lestari - Indonesia
  • Bank of China, Malaysia
  • PNOC Exploration Corporation - Philippines
  • Mjunction Services Limited - India
  • Tata Chemicals Ltd - India
  • Vijayanagar Sugar Pvt Ltd - India
  • The Treasury - Australian Government
  • Mitsubishi Corporation
  • Dalmia Cement Bharat India
  • Power Finance Corporation Ltd., India
  • Tanito Harum - Indonesia
  • Kumho Petrochemical, South Korea
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • BRS Brokers - Singapore
  • Directorate General of MIneral and Coal - Indonesia
  • New Zealand Coal & Carbon
  • Kobe Steel Ltd - Japan
  • Electricity Generating Authority of Thailand
  • Jaiprakash Power Ventures ltd
  • Adaro Indonesia
  • Adani Power Ltd - India
  • Indo Tambangraya Megah - Indonesia
  • IMC Shipping - Singapore
  • J M Baxi & Co - India
  • Humpuss - Indonesia
  • Indorama - Singapore
  • Oldendorff Carriers - Singapore
  • Chettinad Cement Corporation Ltd - India
  • South Luzon Thermal Energy Corporation
  • Sindya Power Generating Company Private Ltd
  • TANGEDCO India
  • Gresik Semen - Indonesia
  • Coaltrans Conferences
  • Toyota Tsusho Corporation, Japan
  • bp singapore
  • Siam City Cement - Thailand
  • Semirara Mining and Power Corporation, Philippines
  • Eastern Energy - Thailand
  • Sarangani Energy Corporation, Philippines
  • Sucofindo - Indonesia
  • SMG Consultants - Indonesia
  • Permata Bank - Indonesia
  • Jatenergy - Australia
  • Ambuja Cements Ltd - India
  • Cemex - Philippines
  • Grasim Industreis Ltd - India
  • Essar Steel Hazira Ltd - India
  • PTC India Limited - India
  • Lafarge - France
  • Enel Italy
  • KOWEPO - South Korea
  • Bangladesh Power Developement Board
  • Bahari Cakrawala Sebuku - Indonesia
  • Orica Mining Services - Indonesia
  • Shenhua Group - China
  • World Coal - UK
  • TGV SRAAC LIMITED, India
  • IOL Indonesia
  • Sree Jayajothi Cements Limited - India
  • Gujarat Sidhee Cement - India
  • McConnell Dowell - Australia
  • PetroVietnam Power Coal Import and Supply Company
  • Larsen & Toubro Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • ETA - Dubai
  • Standard Chartered Bank - UAE
  • Coal Orbis AG
  • WorleyParsons
  • Kapuas Tunggal Persada - Indonesia
  • Banpu Public Company Limited - Thailand
  • Deutsche Bank - India
  • JPMorgan - India
  • Neyveli Lignite Corporation Ltd, - India
  • SASOL - South Africa
  • GB Group - China
  • ACC Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • Energy Development Corp, Philippines
  • Geoservices-GeoAssay Lab
  • McKinsey & Co - India
  • Africa Commodities Group - South Africa
  • Thailand Anthracite
  • Maybank - Singapore
  • Orica Australia Pty. Ltd.
  • Iligan Light & Power Inc, Philippines
  • Thai Mozambique Logistica
  • Fearnleys - India
  • Vizag Seaport Private Limited - India
  • Eastern Coal Council - USA
  • KEPCO - South Korea
  • Kaltim Prima Coal - Indonesia
  • Savvy Resources Ltd - HongKong
  • Latin American Coal - Colombia
  • Bhushan Steel Limited - India
  • Global Coal Blending Company Limited - Australia
  • Australian Coal Association
  • Peabody Energy - USA
  • Berau Coal - Indonesia
  • KPCL - India
  • Global Business Power Corporation, Philippines
  • Renaissance Capital - South Africa
  • Thriveni
  • Cebu Energy, Philippines
  • Clarksons - UK
  • Coal India Limited
  • Barclays Capital - USA
  • Indonesia Power. PT
  • Japan Coal Energy Center
  • EMO - The Netherlands
  • Glencore India Pvt. Ltd
  • Marubeni Corporation - India
  • Port Waratah Coal Services - Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • TNPL - India
  • Core Mineral Indonesia
  • Edison Trading Spa - Italy
  • Britmindo - Indonesia
  • Economic Council, Georgia
  • Baramulti Group, Indonesia
  • MEC Coal - Indonesia
  • Bhatia International Limited - India
  • APGENCO India
  • Jorong Barutama Greston.PT - Indonesia
  • Russian Coal LLC
  • JPower - Japan
  • Arch Coal - USA
  • Commonwealth Bank - Australia
  • Australian Commodity Traders Exchange
  • Borneo Indobara - Indonesia
  • Posco Energy - South Korea
  • Infraline Energy - India
  • Carbofer General Trading SA - India
  • Bhoruka Overseas - Indonesia
  • Attock Cement Pakistan Limited
  • Vale Mozambique
  • IEA Clean Coal Centre - UK
  • Parry Sugars Refinery, India
  • Xindia Steels Limited - India
  • SMC Global Power, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Bank of America
  • Thomson Reuters GRC
  • Wilmar Investment Holdings
  • Mintek Dendrill Indonesia
  • Rio Tinto Coal - Australia
  • Billiton Holdings Pty Ltd - Australia
  • Wood Mackenzie - Singapore
  • The University of Queensland
  • GNFC Limited - India
  • Indian Energy Exchange, India
  • PLN - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • KPMG - USA
  • Makarim & Taira - Indonesia
  • PowerSource Philippines DevCo
  • Leighton Contractors Pty Ltd - Australia
  • SN Aboitiz Power Inc, Philippines
  • Shree Cement - India
  • Bukit Baiduri Energy - Indonesia
  • Reliance Power - India
  • Pendopo Energi Batubara - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • EIA - United States
  • Asia Cement - Taiwan
  • GVK Power & Infra Limited - India
  • Anglo American - United Kingdom
  • Karbindo Abesyapradhi - Indoneisa
  • IHS Mccloskey Coal Group - USA
  • Videocon Industries ltd - India
  • Global Green Power PLC Corporation, Philippines
  • White Energy Company Limited
  • SRK Consulting
  • Meenaskhi Energy Private Limited - India
  • Minerals Council of Australia