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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, 22 December 09
NEWCASTLE COAL SHIP QUEUE LONGEST IN TWO YEARS AS EXPORTS SLOW
Bloomberg reported that, the queue of coal ships waiting at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, ...
Monday, 21 December 09
INDONESIA HAS EXPORTED AROUND 195.303 MILLION TONS OF COAL TILL END OF NOVEMBER 2009
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in November 2009, by taking 28.69% of total exported quan ...
Monday, 21 December 09
RUSSIAN COAL MINER SUEK EYES '10 LONDON IPO
* Company valued at around $8-$9 bln - banking source
* IPO could take place in H1 - source
* May list 25 pct of share capital - report
Reuters ...
Monday, 21 December 09
IGCC OUTLOOK CHINA 2010 TO BE HELD IN APRIL 2010 IN SHANGHAI
COALspot.com (China): Press Release - Aiming at unveiling the growth area of IGCC polygeneration, IGCC Outlook China 2010 is planned to be hel ...
Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee ...
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- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- The University of Queensland
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
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