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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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Wednesday, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
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- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
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- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- PTC India Limited - India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Parliament of New Zealand
- Minerals Council of Australia
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Indika Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
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