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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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Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
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- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
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- The University of Queensland
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- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
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- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
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- Planning Commission, India
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- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Interocean Group of Companies - India
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- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
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- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
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- Anglo American - United Kingdom
- Eastern Coal Council - USA
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- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
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- Ministry of Mines - Canada
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- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
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- Toyota Tsusho Corporation, Japan
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- Attock Cement Pakistan Limited
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- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
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- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- IHS Mccloskey Coal Group - USA
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- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
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- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
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- Videocon Industries ltd - India
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- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
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- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
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- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
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- India Bulls Power Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
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- Jaiprakash Power Ventures ltd
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- Bayan Resources Tbk. - Indonesia
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