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Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
 “We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the condition of anonymity.
The mines are located in West Virginia, a district known for its coal reserves, the official said. Incidentally, United Coal, the company JSW Steel wanted to buy two years ago, is in the same area.
However, DNA Money could not ascertain the total reserves in the mines or the price JSW will pay for the acquisitions. The steelmaker said in November last year that it was looking to spend $500 million on acquisition of coal mines.
Seshagiri Rao, the joint managing director and group chief financial officer could not be reached for comment despite repeated calls and messages.
The official, however, said the reserves are lower than what United Coal had. United Coal, with its mines in West Virginia and Kentucky in the US, had total reserves of 165 million tonne.
JSW Steel was looking to pay around $1.5-2 billion for the company, but later retracted as it found the valuations expensive.
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"JSW Steel was looking to pay around $1.5-2 billion for the mines that had total reserves of 165 million tonne, but later retracted as it found the valuations expensive”
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The company has been scouting for coal assets to acquire across the globe, from the US to Australia, Indonesia to South Africa. It has been importing coking coal from Australia and aims to secure 50% of coal supplies through captive sources, including global buyouts.
JSW Steel, which produced around 7 million tonne of steel last fiscal, will hit the 10 million tonne mark once its ongoing expansion gets over by the next fiscal-end. The increase in production will require use of an additional 5 million tonne coking coal.
The company had in 2006 bought a coal mine in Mozambique with reserves of 200 million tonne. However, after exploration and detailed study of the coal, JSW found that the coal had high ash content, making it useless for steelmaking.
“We are looking at alternative sites, as the Mozambique project is commercially unviable,” Sajjan Jindal, vice chairman and managing director, JSW Steel said in October last year.
The steelmaker has said that the Mozambique mines will be sold to its recently listed sister company JSW Energy. “Fortunately or unfortunately, around 80% of the coal is in the form of thermal coal at Mozambique. We will probably get it valued and sell to JSW Energy. The remaining 20% will be used by our steel plants,” Jindal said in December last year.
Source: DNA India
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Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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Showing 6036 to 6040 news of total 6871 |
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- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Indian Energy Exchange, India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- The University of Queensland
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
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