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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, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
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- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- The University of Queensland
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Africa Commodities Group - South Africa
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