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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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- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
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- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
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