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Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18’s Sajeet Manghat reports.
As part of its mega acquisition plans, ETHL Communication, the group’s holding company for telecom services, will make equity investments of nearly USD 1 billion in its Mauritius subsidiary, which would invest these proceeds for various group acquisitions. ETHL Communication had raised Rs 4,500 crore via a debenture issue in January 2010.
The company will use proceeds for acquisitions of coal, steel, telecom and refining assets. As part of its acquisition targets, Essar will:
— Acquire Shell’s refining assets for up to USD 975 million.
— Acquire 78.84% stake in a South African coal mining company for USD 150 million.
— Acquire 100% in an Indonesian company having rights to thermal exploration coal blocks for USD 110-120 million excluding USD 40 million capex.
— Acquire 100% in a UK company with coal assets for USD 330 million. The company has coal assets in Australia.
— Acquire 100% in a company owning metallurgical coal in the US for USD 225 million.
— Acquire at least 51% in telecoms in Uganda and Congo for up to USD 200 million.
Additionally, Essar plans to invest an additional USD 1 billion in its US subsidiary Essar Steel Minnesota to set up a new iron ore pellet plant. The group will also invest up to USD 500 million in setting up steel services centres globally.
The Essar Group has either signed term sheets or advance negotiations for these assets.
Source: Money Control
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Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
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- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- The University of Queensland
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
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