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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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Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- London Commodity Brokers - England
- MS Steel International - UAE
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
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