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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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Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
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- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Australian Coal Association
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
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