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