COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal. “We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...


Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays. BDI INDEX ...


Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme. "With th ...


Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...


Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010 * Logistics woes hamper SAfrica exports, India imports India's steam coal imports ar ...


   1207 1208 1209 1210 1211   
Showing 6041 to 6045 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bulk Trading Sa - Switzerland
  • Georgia Ports Authority, United States
  • Platts
  • San Jose City I Power Corp, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Tamil Nadu electricity Board
  • Sindya Power Generating Company Private Ltd
  • Ind-Barath Power Infra Limited - India
  • Merrill Lynch Bank
  • Arutmin Indonesia
  • Antam Resourcindo - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Electricity Generating Authority of Thailand
  • Mjunction Services Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Kideco Jaya Agung - Indonesia
  • PowerSource Philippines DevCo
  • Panama Canal Authority
  • Kepco SPC Power Corporation, Philippines
  • Carbofer General Trading SA - India
  • Attock Cement Pakistan Limited
  • AsiaOL BioFuels Corp., Philippines
  • Timah Investasi Mineral - Indoneisa
  • Karbindo Abesyapradhi - Indoneisa
  • Sarangani Energy Corporation, Philippines
  • London Commodity Brokers - England
  • Vijayanagar Sugar Pvt Ltd - India
  • Marubeni Corporation - India
  • Maharashtra Electricity Regulatory Commission - India
  • Iligan Light & Power Inc, Philippines
  • Toyota Tsusho Corporation, Japan
  • Glencore India Pvt. Ltd
  • EIA - United States
  • Shenhua Group - China
  • Uttam Galva Steels Limited - India
  • VISA Power Limited - India
  • Geoservices-GeoAssay Lab
  • Energy Development Corp, Philippines
  • Sakthi Sugars Limited - India
  • globalCOAL - UK
  • The University of Queensland
  • OPG Power Generation Pvt Ltd - India
  • Inspectorate - India
  • Runge Indonesia
  • Barasentosa Lestari - Indonesia
  • MS Steel International - UAE
  • Vizag Seaport Private Limited - India
  • Global Business Power Corporation, Philippines
  • Thai Mozambique Logistica
  • JPower - Japan
  • Gujarat Electricity Regulatory Commission - India
  • KPMG - USA
  • Cardiff University - UK
  • Barclays Capital - USA
  • Borneo Indobara - Indonesia
  • India Bulls Power Limited - India
  • Kumho Petrochemical, South Korea
  • The State Trading Corporation of India Ltd
  • Romanian Commodities Exchange
  • SUEK AG - Indonesia
  • Posco Energy - South Korea
  • SRK Consulting
  • Semirara Mining Corp, Philippines
  • Leighton Contractors Pty Ltd - Australia
  • Bhoruka Overseas - Indonesia
  • Coal India Limited
  • Krishnapatnam Port Company Ltd. - India
  • Altura Mining Limited, Indonesia
  • Bangkok Bank PCL
  • Kobexindo Tractors - Indoneisa
  • Jindal Steel & Power Ltd - India
  • Mitsubishi Corporation
  • WorleyParsons
  • Australian Commodity Traders Exchange
  • Minerals Council of Australia
  • McConnell Dowell - Australia
  • Larsen & Toubro Limited - India
  • GNFC Limited - India
  • Deloitte Consulting - India
  • The India Cements Ltd
  • Interocean Group of Companies - India
  • PetroVietnam
  • Mercator Lines Limited - India
  • Sojitz Corporation - Japan
  • Chamber of Mines of South Africa
  • MEC Coal - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • IEA Clean Coal Centre - UK
  • ICICI Bank Limited - India
  • Tata Chemicals Ltd - India
  • Goldman Sachs - Singapore
  • Kohat Cement Company Ltd. - Pakistan
  • Independent Power Producers Association of India
  • Kartika Selabumi Mining - Indonesia
  • HSBC - Hong Kong
  • Indian Energy Exchange, India
  • Cosco
  • IHS Mccloskey Coal Group - USA
  • BRS Brokers - Singapore
  • Cargill India Pvt Ltd
  • Tanito Harum - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Core Mineral Indonesia
  • Reliance Power - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • SMC Global Power, Philippines
  • Thriveni
  • Inco-Indonesia
  • Cemex - Philippines
  • Xindia Steels Limited - India
  • Planning Commission, India
  • Wood Mackenzie - Singapore
  • Humpuss - Indonesia
  • Commonwealth Bank - Australia
  • Eastern Coal Council - USA
  • Surastha Cement
  • KEPCO - South Korea
  • Rio Tinto Coal - Australia
  • ASAPP Information Group - India
  • Coastal Gujarat Power Limited - India
  • PLN - Indonesia
  • Sical Logistics Limited - India
  • OCBC - Singapore
  • Vale Mozambique
  • TRAFIGURA, South Korea
  • Bank of China, Malaysia
  • Riau Bara Harum - Indonesia
  • Indian Oil Corporation Limited
  • Indorama - Singapore
  • Cebu Energy, Philippines
  • Bangladesh Power Developement Board
  • NTPC Limited - India
  • Bayan Resources Tbk. - Indonesia
  • GHCL Limited - India
  • Directorate Of Revenue Intelligence - India
  • Siam City Cement PLC, Thailand
  • Bhatia International Limited - India
  • World Coal - UK
  • Lanco Infratech Ltd - India
  • Peabody Energy - USA
  • Thailand Anthracite
  • Neyveli Lignite Corporation Ltd, - India
  • Petron Corporation, Philippines
  • World Bank
  • U S Energy Resources
  • GAC Shipping (India) Pvt Ltd
  • Madhucon Powers Ltd - India
  • Mintek Dendrill Indonesia
  • Anglo American - United Kingdom
  • Banpu Public Company Limited - Thailand
  • RBS Sempra - UK
  • CoalTek, United States
  • Energy Link Ltd, New Zealand
  • Kalimantan Lumbung Energi - Indonesia
  • Samtan Co., Ltd - South Korea
  • Electricity Authority, New Zealand
  • SGS (Thailand) Limited
  • Power Finance Corporation Ltd., India
  • Directorate General of MIneral and Coal - Indonesia
  • JPMorgan - India
  • Kapuas Tunggal Persada - Indonesia
  • Videocon Industries ltd - India
  • Bank of America
  • Standard Chartered Bank - UAE
  • Coeclerici Indonesia
  • Mercuria Energy - Indonesia
  • Dalmia Cement Bharat India
  • Ministry of Mines - Canada
  • Sree Jayajothi Cements Limited - India
  • Aboitiz Power Corporation - Philippines
  • Price Waterhouse Coopers - Russia
  • Heidelberg Cement - Germany
  • Malco - India
  • Economic Council, Georgia
  • ACC Limited - India
  • Binh Thuan Hamico - Vietnam
  • Semirara Mining and Power Corporation, Philippines
  • Arch Coal - USA
  • Kobe Steel Ltd - Japan
  • ETA - Dubai
  • Thiess Contractors Indonesia
  • Edison Trading Spa - Italy
  • BNP Paribas - Singapore
  • Savvy Resources Ltd - HongKong
  • GN Power Mariveles Coal Plant, Philippines
  • Jatenergy - Australia
  • J M Baxi & Co - India
  • DBS Bank - Singapore
  • Ambuja Cements Ltd - India
  • Enel Italy
  • Australian Coal Association
  • Pinang Coal Indonesia
  • Russian Coal LLC
  • SASOL - South Africa
  • UOB Asia (HK) Ltd
  • Berau Coal - Indonesia
  • PTC India Limited - India
  • White Energy Company Limited
  • Kaltim Prima Coal - Indonesia
  • Mitra SK Pvt Ltd - India
  • Samsung - South Korea
  • International Coal Ventures Pvt Ltd - India
  • Japan Coal Energy Center
  • Gujarat Mineral Development Corp Ltd - India
  • Thomson Reuters GRC
  • South Luzon Thermal Energy Corporation
  • Petrosea - Indonesia
  • Shree Cement - India
  • ANZ Bank - Australia
  • Sinarmas Energy and Mining - Indonesia
  • Medco Energi Mining Internasional
  • SMG Consultants - Indonesia
  • Lafarge - France
  • Bharathi Cement Corporation - India
  • Deutsche Bank - India
  • Coalindo Energy - Indonesia
  • Qatrana Cement - Jordan
  • Meenaskhi Energy Private Limited - India
  • Siam City Cement - Thailand
  • Baramulti Group, Indonesia
  • Britmindo - Indonesia
  • Indogreen Group - Indonesia
  • The Treasury - Australian Government
  • APGENCO India
  • Rudhra Energy - India
  • Star Paper Mills Limited - India
  • Oldendorff Carriers - Singapore
  • GMR Energy Limited - India
  • CNBM International Corporation - China
  • Ince & co LLP
  • Merrill Lynch Commodities Europe
  • Maheswari Brothers Coal Limited - India
  • New Zealand Coal & Carbon
  • European Bulk Services B.V. - Netherlands
  • Mitsui
  • Africa Commodities Group - South Africa
  • Gupta Coal India Ltd
  • Moodys - Singapore
  • Therma Luzon, Inc, Philippines
  • Intertek Mineral Services - Indonesia
  • Fearnleys - India
  • Grasim Industreis Ltd - India
  • Asian Development Bank
  • Orica Mining Services - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Holcim Trading Pte Ltd - Singapore
  • Agrawal Coal Company - India
  • Trasteel International SA, Italy
  • Pendopo Energi Batubara - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • IOL Indonesia
  • Singapore Mercantile Exchange
  • Jorong Barutama Greston.PT - Indonesia
  • Parliament of New Zealand
  • Ceylon Electricity Board - Sri Lanka
  • Mechel - Russia
  • Bukit Makmur.PT - Indonesia
  • TANGEDCO India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Credit Suisse - India
  • Cigading International Bulk Terminal - Indonesia
  • EMO - The Netherlands
  • KOWEPO - South Korea
  • GVK Power & Infra Limited - India
  • Total Coal South Africa
  • Rashtriya Ispat Nigam Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Straits Asia Resources Limited - Singapore
  • Vedanta Resources Plc - India
  • Orica Australia Pty. Ltd.
  • Thermax Limited - India
  • Freeport Indonesia
  • Maersk Broker
  • Global Green Power PLC Corporation, Philippines
  • Metalloyd Limited - United Kingdom
  • Central Java Power - Indonesia
  • Latin American Coal - Colombia
  • Indo Tambangraya Megah - Indonesia
  • Salva Resources Pvt Ltd - India
  • Maybank - Singapore
  • TeaM Sual Corporation - Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • CIMB Investment Bank - Malaysia
  • Indika Energy - Indonesia
  • Xstrata Coal
  • Formosa Plastics Group - Taiwan
  • TNB Fuel Sdn Bhd - Malaysia
  • Permata Bank - Indonesia
  • Coal Orbis AG
  • Gresik Semen - Indonesia
  • Clarksons - UK
  • PNOC Exploration Corporation - Philippines
  • Billiton Holdings Pty Ltd - Australia
  • UBS Singapore
  • bp singapore
  • Cement Manufacturers Association - India
  • Idemitsu - Japan
  • CCIC - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Argus Media - Singapore
  • Bhushan Steel Limited - India
  • Ministry of Transport, Egypt
  • Meralco Power Generation, Philippines
  • TNPL - India
  • Coal and Oil Company - UAE
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • Renaissance Capital - South Africa
  • IBC Asia (S) Pte Ltd
  • Indonesia Power. PT
  • Essar Steel Hazira Ltd - India
  • Indian School of Mines
  • Indonesian Coal Mining Association
  • PLN Batubara - Indonesia
  • Asia Cement - Taiwan
  • Noble Europe Ltd - UK
  • NALCO India
  • SN Aboitiz Power Inc, Philippines
  • KPCL - India
  • Malabar Cements Ltd - India
  • Parry Sugars Refinery, India
  • GB Group - China
  • Ernst & Young Pvt. Ltd.
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Aditya Birla Group - India
  • Gujarat Sidhee Cement - India
  • Coaltrans Conferences
  • Global Coal Blending Company Limited - Australia
  • McKinsey & Co - India
  • Sucofindo - Indonesia
  • Ministry of Finance - Indonesia
  • IMC Shipping - Singapore
  • Manunggal Multi Energi - Indonesia
  • Vitol - Bahrain
  • Adani Power Ltd - India
  • Eastern Energy - Thailand
  • Adaro Indonesia
  • Central Electricity Authority - India
  • Jaiprakash Power Ventures ltd
  • TGV SRAAC LIMITED, India
  • CESC Limited - India
  • ING Bank NV - Singapore
  • Infraline Energy - India
  • Simpson Spence & Young - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Tata Power - India
  • Makarim & Taira - Indonesia
  • Platou - Singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Wilmar Investment Holdings
  • Port Waratah Coal Services - Australia
  • Maruti Cements - India
  • LBH Netherlands Bv - Netherlands
  • Pipit Mutiara Jaya. PT, Indonesia