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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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Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Planning Commission, India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- The University of Queensland
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- White Energy Company Limited
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
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