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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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Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
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