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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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Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 1 ...
Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
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- The University of Queensland
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- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
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- Carbofer General Trading SA - India
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- Rio Tinto Coal - Australia
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- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
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- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
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- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
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- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
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- Central Electricity Authority - India
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- Merrill Lynch Commodities Europe
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- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
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- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
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- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
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- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
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