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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- The University of Queensland
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Australian Coal Association
- Agrawal Coal Company - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
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