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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, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
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- SMC Global Power, Philippines
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- The University of Queensland
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- Videocon Industries ltd - India
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- Eastern Coal Council - USA
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- Global Business Power Corporation, Philippines
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- Bhushan Steel Limited - India
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- Posco Energy - South Korea
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- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
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- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
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- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Metalloyd Limited - United Kingdom
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- Indonesian Coal Mining Association
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- Directorate General of MIneral and Coal - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
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- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
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- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Planning Commission, India
- Australian Coal Association
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
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- Mjunction Services Limited - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
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- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Deloitte Consulting - India
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- Indogreen Group - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
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- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
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- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
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- Merrill Lynch Commodities Europe
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- Billiton Holdings Pty Ltd - Australia
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- London Commodity Brokers - England
- PTC India Limited - India
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