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.
|
|
Saturday, 12 December 09
QUEENSLAND APPROVES A$4 BILLION COAL TERMINAL PROJECT
Queensland’s state government said it has signed a mandate approving development of the A$4 billion ($3.7 billion) Wiggins Island coal termina ...
Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
|
|
|
Showing 6181 to 6185 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Planning Commission, India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- White Energy Company Limited
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- The University of Queensland
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
|
| |
| |
|
