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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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Thursday, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
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- Planning Commission, India
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Minerals Council of Australia
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