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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, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- The University of Queensland
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
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