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Friday, 22 January 10
JSW ENERGY TO INVEST RS 4,500 CRORE IN COAL MINES ABROAD
 The Sajjan Jindal-promoted JSW Energy is planning an investment of Rs 4,500 crore (US$ 978,260,869) to acquire coal mines abroad and another of Rs 10,000 crore (US$ 2,173,913,043) in West Bengal through a joint venture with group company JSW Bengal Steel.
The company’s board today approved the floating of an overseas subsidiary for the investment abroad. The company also announced a profit after tax of Rs 205 crore (US$ 44,565,217) for the quarter ended December 31, about 73 per cent more than the Rs 118.5 crore (US$ 25,760,869) net profit posted in the corresponding period last year. Total income for the period was Rs 712.4 crore (US$ 154,869,565), about the same as the corresponding period revenues of Rs 711 crore (US$ 154,565,217) last year.
The better performance was mainly on account of enhanced generation from capacity additions, sales and less fuel costs.
JSW Energy, which debuted on the stock exchanges in the first week of January, had earlier contracted coal from Indonesia to fuel its power projects.
The company will form a special purpose vehicle (SPV) with group company JSW Bengal Steel to set up a 1,600-Mw (2x800 Mw) power plant at Ichhapur in West Bengal.
JSW Energy will hold 74 per cent in the SPV and JSW Bengal Steel the balance 26 per cent. The SPV will develop the power project and captive coal mines in Ichhapur at an estimated cost of Rs 7,680 crore (US$ 1,669,565,217) and Rs 2,000 crore (US$ 434,782,608), respectively. The project is proposed to be financed with a debt equity ratio of 3:1. The steel producer will buy 51 per cent of the power produced from this unit and the rest will be up for sale, said the release.
Share prices of the company fell 2.33 per cent on the Bombay Stock Exchange today, to close at Rs 112.95 (US$ 2.45543) per share. (1 USD = 46.0000 INR)
Source: Business-Standard
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Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
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- Anglo American - United Kingdom
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- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
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- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
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- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
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- Toyota Tsusho Corporation, Japan
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- Dalmia Cement Bharat India
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- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
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- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
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- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
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- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
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