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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, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
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- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Aditya Birla Group - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Planning Commission, India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
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