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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, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
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- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
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