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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 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
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- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
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