We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
 JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a top company executive said. Although the deal size could not be ascertained, a person privy to the development said it could be around Rs 300 crore (US$ 64,619,397). JSW Energy, which is in the process of raising fund through a public issue to expand power generation capacity, is currently sourcing thermal coal from JSW Steel under a purchase agreement.
Sajjan Jindal-led JSW Steel had acquired 200 million tonne Mozambique block through its affiliate JSW Natural Resources Mozambique a few years ago hoping to extract coking coal to feed its steel plant at Vijayanagar, Karnataka. But, the initial exploration and drilling activities undertaken by the company in Mozambique has revealed that the block has thermal coal reserves instead. While thermal coal is used in power generation, coking coal goes into steel-making.
“Fortunately or unfortunately, around 80% of the coal is in the form of thermal coal at Mozambique. We will probably get it valued and sell to JSW Energy. The balance 20% of the coking coal will be used by our steel plants,” JSW group managing director Sajjan Jindal said. JSW Steel will soon appoint consultants to get exact valuation of the Mozambique mine, said another person familiar with the development.
The transfer of thermal coal mine will help JSW Energy meet raw material requirement of its existing and proposed power plants. It plans to raise generation capacity from 995 mw currently to 3,140 mw by 2010. Its maiden public issue to raise Rs 2,700 crore will open on December 7 and close on December 9.
“JSW Energy plans to import 5 million tonne of coal in 2010-11 as the power firm looks to expand generating capacity. The company will import 2 million tonne of coal each from South Africa and Indonesia, besides 1 million tonne from Australia,” Mr Jindal said.
Both JSW Steel and JSW Energy are scouting for coal mines in Australia, Indonesia and South Africa to feed raw material requirements of their steel and power businesses, respectively. JSW Steel had earlier said it has earmarked investments of $500 million for acquiring the mines overseas due to unavailability of good quality coal in India. India is expected to produce 500 million tonne of coal this fiscal.
In addition, the coal imports in the current year is expected at close to 50 million tonne due to demand-supply mismatch. This has forced several power companies to look at supply arrangements in the overseas markets. 1 USD = 46.4257 INR
Source: Economic Times
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
|
|
|
Showing 6236 to 6240 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Parliament of New Zealand
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Romanian Commodities Exchange
- The University of Queensland
- Independent Power Producers Association of India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
|
| |
| |
|
