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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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Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
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- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- The University of Queensland
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- VISA Power Limited - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
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