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.
|
|
Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
|
|
|
Showing 6211 to 6215 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
|
| |
| |
|
