COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...


Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...


Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...


Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition. "We ha ...


Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...


   1241 1242 1243 1244 1245   
Showing 6211 to 6215 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Gujarat Electricity Regulatory Commission - India
  • Malco - India
  • Mercuria Energy - Indonesia
  • Indorama - Singapore
  • Riau Bara Harum - Indonesia
  • Adaro Indonesia
  • ICICI Bank Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Central Java Power - Indonesia
  • Mintek Dendrill Indonesia
  • Manunggal Multi Energi - Indonesia
  • Xstrata Coal
  • WorleyParsons
  • Lafarge - France
  • Cigading International Bulk Terminal - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • bp singapore
  • Thai Mozambique Logistica
  • Straits Asia Resources Limited - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Star Paper Mills Limited - India
  • Coastal Gujarat Power Limited - India
  • Mercator Lines Limited - India
  • Britmindo - Indonesia
  • GNFC Limited - India
  • Tata Power - India
  • Sucofindo - Indonesia
  • DBS Bank - Singapore
  • Standard Chartered Bank - UAE
  • GVK Power & Infra Limited - India
  • Tata Chemicals Ltd - India
  • Baramulti Group, Indonesia
  • Salva Resources Pvt Ltd - India
  • Altura Mining Limited, Indonesia
  • EMO - The Netherlands
  • Medco Energi Mining Internasional
  • Meralco Power Generation, Philippines
  • The University of Queensland
  • KPMG - USA
  • Permata Bank - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Jindal Steel & Power Ltd - India
  • Total Coal South Africa
  • Bukit Baiduri Energy - Indonesia
  • Berau Coal - Indonesia
  • MEC Coal - Indonesia
  • Orica Australia Pty. Ltd.
  • TeaM Sual Corporation - Philippines
  • Maruti Cements - India
  • Bhatia International Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • TANGEDCO India
  • Bulk Trading Sa - Switzerland
  • Ince & co LLP
  • Geoservices-GeoAssay Lab
  • Pinang Coal Indonesia
  • Samsung - South Korea
  • Cemex - Philippines
  • Electricity Generating Authority of Thailand
  • Energy Link Ltd, New Zealand
  • Shree Cement - India
  • Sakthi Sugars Limited - India
  • PetroVietnam
  • Global Business Power Corporation, Philippines
  • Bangladesh Power Developement Board
  • UBS Singapore
  • Kapuas Tunggal Persada - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Petron Corporation, Philippines
  • Vedanta Resources Plc - India
  • Barclays Capital - USA
  • CCIC - Indonesia
  • Trasteel International SA, Italy
  • SUEK AG - Indonesia
  • Binh Thuan Hamico - Vietnam
  • TRAFIGURA, South Korea
  • PTC India Limited - India
  • KPCL - India
  • Africa Commodities Group - South Africa
  • Bank of America
  • The Treasury - Australian Government
  • Asia Cement - Taiwan
  • Sree Jayajothi Cements Limited - India
  • SN Aboitiz Power Inc, Philippines
  • NTPC Limited - India
  • Semirara Mining Corp, Philippines
  • McKinsey & Co - India
  • Credit Suisse - India
  • Cargill India Pvt Ltd
  • Xindia Steels Limited - India
  • Cardiff University - UK
  • Noble Europe Ltd - UK
  • Argus Media - Singapore
  • Bhushan Steel Limited - India
  • LBH Netherlands Bv - Netherlands
  • Surastha Cement
  • UOB Asia (HK) Ltd
  • PLN - Indonesia
  • Kumho Petrochemical, South Korea
  • India Bulls Power Limited - India
  • Global Green Power PLC Corporation, Philippines
  • IMC Shipping - Singapore
  • London Commodity Brokers - England
  • ETA - Dubai
  • Thermax Limited - India
  • Meenaskhi Energy Private Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Coalindo Energy - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Pendopo Energi Batubara - Indonesia
  • KOWEPO - South Korea
  • Sinarmas Energy and Mining - Indonesia
  • Indonesian Coal Mining Association
  • Thailand Anthracite
  • Australian Coal Association
  • OCBC - Singapore
  • Vijayanagar Sugar Pvt Ltd - India
  • Jatenergy - Australia
  • Russian Coal LLC
  • Kaltim Prima Coal - Indonesia
  • Therma Luzon, Inc, Philippines
  • Cosco
  • Rio Tinto Coal - Australia
  • Carbofer General Trading SA - India
  • Sarangani Energy Corporation, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • Clarksons - UK
  • The India Cements Ltd
  • Wilmar Investment Holdings
  • Interocean Group of Companies - India
  • Aboitiz Power Corporation - Philippines
  • JPMorgan - India
  • Simpson Spence & Young - Indonesia
  • Power Finance Corporation Ltd., India
  • VISA Power Limited - India
  • Indian Energy Exchange, India
  • TGV SRAAC LIMITED, India
  • Commonwealth Bank - Australia
  • PLN Batubara - Indonesia
  • San Jose City I Power Corp, Philippines
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Kartika Selabumi Mining - Indonesia
  • World Bank
  • Borneo Indobara - Indonesia
  • Core Mineral Indonesia
  • The State Trading Corporation of India Ltd
  • ACC Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • Sical Logistics Limited - India
  • Platou - Singapore
  • Asian Development Bank
  • BNP Paribas - Singapore
  • Intertek Mineral Services - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Eastern Coal Council - USA
  • Directorate Of Revenue Intelligence - India
  • Sindya Power Generating Company Private Ltd
  • Samtan Co., Ltd - South Korea
  • ASAPP Information Group - India
  • Makarim & Taira - Indonesia
  • Aditya Birla Group - India
  • GB Group - China
  • Singapore Mercantile Exchange
  • Gresik Semen - Indonesia
  • Central Electricity Authority - India
  • Mitsubishi Corporation
  • Thomson Reuters GRC
  • Arutmin Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Romanian Commodities Exchange
  • Kobe Steel Ltd - Japan
  • White Energy Company Limited
  • Ministry of Finance - Indonesia
  • Economic Council, Georgia
  • Ambuja Cements Ltd - India
  • Maybank - Singapore
  • International Coal Ventures Pvt Ltd - India
  • McConnell Dowell - Australia
  • Bahari Cakrawala Sebuku - Indonesia
  • TNPL - India
  • ING Bank NV - Singapore
  • Coeclerici Indonesia
  • Attock Cement Pakistan Limited
  • Heidelberg Cement - Germany
  • Indo Tambangraya Megah - Indonesia
  • Thriveni
  • Edison Trading Spa - Italy
  • Metalloyd Limited - United Kingdom
  • APGENCO India
  • Platts
  • Deutsche Bank - India
  • Rudhra Energy - India
  • Bangkok Bank PCL
  • World Coal - UK
  • South Luzon Thermal Energy Corporation
  • Posco Energy - South Korea
  • Port Waratah Coal Services - Australia
  • Planning Commission, India
  • OPG Power Generation Pvt Ltd - India
  • PowerSource Philippines DevCo
  • Eastern Energy - Thailand
  • EIA - United States
  • Moodys - Singapore
  • Orica Mining Services - Indonesia
  • Siam City Cement - Thailand
  • SMG Consultants - Indonesia
  • Mjunction Services Limited - India
  • Anglo American - United Kingdom
  • Global Coal Blending Company Limited - Australia
  • Lanco Infratech Ltd - India
  • ANZ Bank - Australia
  • Indogreen Group - Indonesia
  • Renaissance Capital - South Africa
  • Idemitsu - Japan
  • Coal India Limited
  • Australian Commodity Traders Exchange
  • Madhucon Powers Ltd - India
  • Agrawal Coal Company - India
  • Tamil Nadu electricity Board
  • Holcim Trading Pte Ltd - Singapore
  • Infraline Energy - India
  • Uttam Galva Steels Limited - India
  • Reliance Power - India
  • Mechel - Russia
  • IOL Indonesia
  • Vitol - Bahrain
  • Maharashtra Electricity Regulatory Commission - India
  • Banpu Public Company Limited - Thailand
  • New Zealand Coal & Carbon
  • PNOC Exploration Corporation - Philippines
  • NALCO India
  • Malabar Cements Ltd - India
  • Cement Manufacturers Association - India
  • Antam Resourcindo - Indonesia
  • MS Steel International - UAE
  • Thiess Contractors Indonesia
  • KEPCO - South Korea
  • GHCL Limited - India
  • Formosa Plastics Group - Taiwan
  • Savvy Resources Ltd - HongKong
  • CESC Limited - India
  • Petrosea - Indonesia
  • Enel Italy
  • Vale Mozambique
  • SGS (Thailand) Limited
  • Humpuss - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Tanito Harum - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Mitsui
  • Iligan Light & Power Inc, Philippines
  • BRS Brokers - Singapore
  • U S Energy Resources
  • Electricity Authority, New Zealand
  • Runge Indonesia
  • Jaiprakash Power Ventures ltd
  • Parliament of New Zealand
  • Deloitte Consulting - India
  • GAC Shipping (India) Pvt Ltd
  • Sojitz Corporation - Japan
  • RBS Sempra - UK
  • GMR Energy Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Barasentosa Lestari - Indonesia
  • Freeport Indonesia
  • Price Waterhouse Coopers - Russia
  • Shenhua Group - China
  • Chamber of Mines of South Africa
  • Mitra SK Pvt Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Arch Coal - USA
  • Indonesia Power. PT
  • Japan Coal Energy Center
  • GN Power Mariveles Coal Plant, Philippines
  • Larsen & Toubro Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • Directorate General of MIneral and Coal - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Parry Sugars Refinery, India
  • Siam City Cement PLC, Thailand
  • Ind-Barath Power Infra Limited - India
  • Cebu Energy, Philippines
  • Grasim Industreis Ltd - India
  • SASOL - South Africa
  • Gujarat Sidhee Cement - India
  • Independent Power Producers Association of India
  • Georgia Ports Authority, United States
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • IBC Asia (S) Pte Ltd
  • Indian Oil Corporation Limited
  • Maheswari Brothers Coal Limited - India
  • IEA Clean Coal Centre - UK
  • Coaltrans Conferences
  • Dalmia Cement Bharat India
  • Indian School of Mines
  • Krishnapatnam Port Company Ltd. - India
  • Marubeni Corporation - India
  • Adani Power Ltd - India
  • JPower - Japan
  • Bayan Resources Tbk. - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Latin American Coal - Colombia
  • Peabody Energy - USA
  • CIMB Investment Bank - Malaysia
  • Bharathi Cement Corporation - India
  • Merrill Lynch Commodities Europe
  • Oldendorff Carriers - Singapore
  • SMC Global Power, Philippines
  • Wood Mackenzie - Singapore
  • Indika Energy - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Gupta Coal India Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Karaikal Port Pvt Ltd - India
  • Qatrana Cement - Jordan
  • PetroVietnam Power Coal Import and Supply Company
  • Coal and Oil Company - UAE
  • Globalindo Alam Lestari - Indonesia
  • Minerals Council of Australia
  • Energy Development Corp, Philippines
  • HSBC - Hong Kong
  • Kepco SPC Power Corporation, Philippines
  • Bhoruka Overseas - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Kobexindo Tractors - Indoneisa
  • Essar Steel Hazira Ltd - India
  • Bank of China, Malaysia
  • Maersk Broker
  • globalCOAL - UK
  • Vizag Seaport Private Limited - India
  • CoalTek, United States
  • European Bulk Services B.V. - Netherlands
  • J M Baxi & Co - India
  • Inspectorate - India
  • Neyveli Lignite Corporation Ltd, - India
  • Bukit Makmur.PT - Indonesia
  • Ministry of Mines - Canada
  • Merrill Lynch Bank
  • Coal Orbis AG
  • Ministry of Transport, Egypt
  • Videocon Industries ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • CNBM International Corporation - China
  • Fearnleys - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Glencore India Pvt. Ltd
  • Panama Canal Authority
  • Goldman Sachs - Singapore
  • SRK Consulting
  • Alfred C Toepfer International GmbH - Germany
  • Inco-Indonesia