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 $6 million as token amount with a commitment to pay royalties once mining commences.
As per the red herring prospectus, on January 4, 2008, JSW Energy entered into a coal sales purchase contract with JSW Natural Resources Mozambique Limitada (“JSW Mozambique”) — an affiliate of JSW Steel. Under this contract, JSW Mozambique agreed to sell six million tonnes of steam coal annually, meeting a gross calorific value of 5,500-6,000 kilocalorie/kg. Delivery of the coal will begin in April 1, 2011, and continue for 25 years, the prospectus said.
During financial year 2008-09, JSW Mozambique posted a net loss of Rs 5.91 crore, and JSW Natural Resources was also in the red. “The whole transfer will be based on proper valuations and we are evaluating the prospect internally as well as by nominated few advisors. However, the timeline has not been decided. Following the transfer, the entire mine will be held by us and the long-term contract with JSW Natural Resources will be terminated,” said Pramod Menon, chief financial officer, JSW Energy.
“We expect the resource base to be sufficient to continue for 25 years. However, we will start with around five million tonnes of coal per annum instead of six million tonnes, as earlier agreed with JSW Natural Resources,” he said.
Jindal said all overseas coal mining asset acquisitions going forward will also be through JSW Energy.
Source: My Digital
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 16 November 09
141 VESSELS ARE EXPECTED TO LOAD 8.833 MILLION TONS OF INDONESIAN COAL BEFORE 30 NOVEMBER 2009
COALspot.com (Indonesia): 141 vessels are expected to load or sail with 8.833 million tons of Indonesian coal before 30 November 2009.
A source f ...
Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the st ...
Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
COALspot.com (Singaproe): BDI continues to rally crossing the 4,000 mark. The BDI increased this week by 718 points up by 21 pct and closed at 4,111 ...
Saturday, 14 November 09
CHINA HAS BEEN THE LARGEST SINGLE BUYER OF INDONESIAN COAL IN OCTOBER, TAKING 24.37% OF TOTAL EXPORT QUANTITY OF 22.637 MILLION TONS
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in October 2009, taking 24.37% of total export quantity o ...
Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
|
|
|
Showing 6246 to 6250 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Planning Commission, India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Australian Coal Association
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
|
| |
| |
|