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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, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
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