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