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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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Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
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- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
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