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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, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
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- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
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