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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
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Thursday, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
Further step on internationalization track Office in Mumbai Participation in demand for coal imports
HMS Bergbau AG, is an international coal tra ...
Thursday, 05 November 09
SAM'S SEAFOOD HOLDINGS MOVES STEP CLOSER TO COAL EXPLORATION IN INDONESIA
Sam’s Seafood Holdings Limited, which is proposed to be renamed Pan Asia Corporation Limited, is moving closer to becoming an exploration and ...
Wednesday, 04 November 09
INDONESIA CAP ON COAL EXPORTS MAY HIT INDIAN POWER SECTOR
BL reported that Karnataka power sector is likely to be partially impacted by the Indonesian Government move to restrict coal exports.
Private se ...
Wednesday, 04 November 09
SA 2010 COAL EXPORTS SEEN AT 65M TO 68M TONS - ANALYSTS
South Africa's thermal coal exports could rise to as high as 68 million tonnes in 2010 but are more likely to be 64-65 million compared to 60 milli ...
Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
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- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
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