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Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
 Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-600 million (Rs 2,500-2,735 crore). Trinity is owned by private equity investment firm Denham Capital Management,
Sources with knowledge of the developments said Essar’s first major coal mine acquisition abroad would provide coking coal and thermal coal linkages for its steel mills in the US and for a power project under construction in India.
Trinity has mines in Kentucky and West Virginia in the US, with reserves of 200 million tonnes and an annual output of about 7 million tonnes.
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“Essar Power, which is implementing close to 4,650 Mw of power projects, has a 1,200-Mw power project coming up in Gujarat, dependent on imported coal”
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Sources said negotiations were at an advanced stage and the deal was likely to be closed within two weeks. An Essar Group spokesperson declined to comment.
Essar has a steel plant at Algoma in Canada, acquired in 2007 for $1.63 billion. It also has a steel mill in Minnesota in the US. Essar is expanding capacity at Minnesota Steel in two phases, with a 4.1 million tonnes per annum (mtpa) pellet plant and another 1.5 mtpa steel plant, which is expected to be completed by 2012 and 2015, respectively. It is also planning to expand capacity of Algoma Steel to 5 mtpa from 4 mtpa, said sources.
Essar Power, which is implementing close to 4,650 Mw of power projects, has a 1,200-Mw power project coming up in Gujarat, dependent on imported coal. It is setting up a Rs 4,800-crore power project at Salaya near Jamnagar in Gujarat and the imported coal-based project is slated for completion by 2011.
All major power producers are scouting for coal mines abroad, mainly in Indonesia, South Africa, Australia and even in the distant US market.
Leading power sector companies such as Tata Power, Reliance Power and GMR Energy have already acquired coal mines in Indonesia. In August 2007, Tata Power acquired a 30 per cent stake in Indonesian energy giant PT Bumi Resources by paying close to $1.3 billion. Anil Dhirubhai Ambani Group firm Reliance Power also acquired three coal mines in Indonesia, with plans to spend over $650 million (over Rs 3,000 crore) to develop these.
GMR Energy also acquired 100 per cent ownership interest of Barasentosa Lestari coal mine in Indonesia by investing Rs 400 crore.
In the last two years, almost all power project developers like state-owned National Thermal Power Corporation (NTPC), Essar Power, Adani Power, JSW Energy, Indiabulls Power and Lanco Infratech have been searching for coal mines in Indonesia, to fuel some of their proposed power projects.
The Sajjan Jindal promoted JSW Energy is also planning to invest over Rs 4,500 crore to acquire coal mines abroad.
In the past, the Essar Group had acquired Dhabi Group’s telecom businesses in Uganda and Congo, Warid Telecom Uganda and Warid Congo. It also acquired a 50 per cent stake in Kenya Petroleum Refineries (KPRL) from Shell, BP and Chevron for an undisclosed sum.
Source: Business-Standard
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Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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Showing 6071 to 6075 news of total 6871 |
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- Parliament of New Zealand
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- VISA Power Limited - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
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