Investments in Indonesian coal mines and export infrastructure: add links
←Older revision
Revision as of 07:57, 1 January 2013
(2 intermediate revisions by one user not shown)
Line 3:
Line 3:
==Investments in Australian coal mines and export infrastructure==
==Investments in Australian coal mines and export infrastructure==
−
* In
mid-June 2011 it was reported that an agreement had been reached for
[[
GVK Power and Infrastructure
]]
to purchase the Alpha and Kevin
's
Corner projects
for $2
.4 billion. "The individuals have signed, but
the
companies haven’t. It will take around a month
for the
complete paperwork
to
be completed
.
A formal announcement is expected shortly after that,”
an
anonymous GVK executive told the ''Wall Street Journal''
.
It was reported
that
GVK would pay $1.25 billion at
the
time the agreement was formally signed off on with a further two equal instalments. There was no mention
of
Hancock retaining a share in either project
.
Utpal
">
Utpal Bhaskar
, [http://www.
livemint
.com/
2011
/
06/16002815/GVK-to-buy-2-coal-mines-in
-
Aus
.
html
?
h
=
A1 "GVK to buy
2
coal mines in Australia: Acquisition of Hancock Prospecting mines key to company’s plans of increasing capacity to 10,000MW by 2013
"],
''Livemint.com''
,
''June 16
,
2011
.
+
* In
August 2010
[[
Adani Mining]], a subsidiary of [[Adani Group]] bought [[Linc Energy
]]'s
Galilee coal tenement
for
$A500 million in cash plus a
$2
per tonne royalty (indexed to
the
Consumer Price Index)
for the
first twenty years of coal production. According
to
Linc the Galilee tenement an indicated resource of 500 million tonnes and a further 7
.
3 billion tonnes as
an
inferred resources
.
The company claims
that the
"tenement is capable
of
producing up to 60 million tonnes of coal per year once fully operational
.
"
Linc
">
Linc Energy
, [http://www.
lincenergy
.com/
php
/
nm
-
dlMediaNewsArticle
.
php
?
id
=2
"Linc Sella Galilee Coal Tenement for $3.0 billion
"],
Media Release
,
August 3
,
2010
.
* In March 2011 [[Lanco Infratech]] Ltd’s bought the [[Griffin Coal]] Mining Co. Pty Ltd’s coal mines in Western Australia for A$750 million. The report stated that "Lanco plans to boost almost four-fold to over 15 million tonnes per annum, in addition to adding rail linkages, and expanding facilities at Bunbury port." The coal, aside from that produced domestically, would be exported to feed Lanco's proposed major increase in coal-fired power plants it owns and operates in India.
[http://www.financialexpress.com/news/lanco-infratech-seals-760-mn-griffin-buy/757769/0 "Lanco Infratech seals $760 mn Griffin buy"], ''The Financial Express'', March 4, 2011.
* In March 2011 [[Lanco Infratech]] Ltd’s bought the [[Griffin Coal]] Mining Co. Pty Ltd’s coal mines in Western Australia for A$750 million. The report stated that "Lanco plans to boost almost four-fold to over 15 million tonnes per annum, in addition to adding rail linkages, and expanding facilities at Bunbury port." The coal, aside from that produced domestically, would be exported to feed Lanco's proposed major increase in coal-fired power plants it owns and operates in India.
[http://www.financialexpress.com/news/lanco-infratech-seals-760-mn-griffin-buy/757769/0 "Lanco Infratech seals $760 mn Griffin buy"], ''The Financial Express'', March 4, 2011.
−
−
* In August 2010 [[Adani Mining]], a subsidiary of [[Adani Group]] bought [[Linc Energy]]'s Galilee coal tenement for $A500 million in cash plus a $2 per tonne royalty (indexed to the Consumer Price Index) for the first twenty years of coal production. According to Linc the Galilee tenement an indicated resource of 500 million tonnes and a further 7.3 billion tonnes as an inferred resources. The company claims that the "tenement is capable of producing up to 60 million tonnes of coal per year once fully operational."
Linc Energy, [http://www.lincenergy.com/php/nm-dlMediaNewsArticle.php?id=2 "Linc Sella Galilee Coal Tenement for $3.0 billion"], Media Release, August 3, 2010.
* In May 2011 another Adani Group subsidiary paid $1.829 billion for the 99-year lease of the [[Abbot Point Coal Terminal]] in North Queensland. Mundra Port Pty Ltd, an Australian subsidiary of Mundra Port and Special Economic Zone Ltd, which in turn is a subsidiary of the [[Adani Group]], had won the tender bid for the lease over the X50 terminal - which has the capacity for 50 million tonnes of coal a year.
Anna Bligh (Premier and Minister for Reconstruction) and Rachel Nolan (Minister for Finance and Arts), [http://www.cabinet.qld.gov.au/MMS/StatementDisplaySingle.aspx?id=74576 "Premium price for Abbot Point Coal Terminal boosts disaster recovery"], Media Release, May 3, 2011.
* In May 2011 another Adani Group subsidiary paid $1.829 billion for the 99-year lease of the [[Abbot Point Coal Terminal]] in North Queensland. Mundra Port Pty Ltd, an Australian subsidiary of Mundra Port and Special Economic Zone Ltd, which in turn is a subsidiary of the [[Adani Group]], had won the tender bid for the lease over the X50 terminal - which has the capacity for 50 million tonnes of coal a year.
Anna Bligh (Premier and Minister for Reconstruction) and Rachel Nolan (Minister for Finance and Arts), [http://www.cabinet.qld.gov.au/MMS/StatementDisplaySingle.aspx?id=74576 "Premium price for Abbot Point Coal Terminal boosts disaster recovery"], Media Release, May 3, 2011.
+
+
* In mid-June 2011 it was reported that an agreement had been reached for [[GVK Power and Infrastructure]] to purchase the Alpha and Kevin's Corner projects for $2.4 billion. "The individuals have signed, but the companies haven’t. It will take around a month for the complete paperwork to be completed. A formal announcement is expected shortly after that,” an anonymous GVK executive told the ''Wall Street Journal''. It was reported that GVK would pay $1.25 billion at the time the agreement was formally signed off on with a further two equal instalments. There was no mention of Hancock retaining a share in either project.
Utpal Bhaskar, [http://www.livemint.com/2011/06/16002815/GVK-to-buy-2-coal-mines-in-Aus.html?h=A1 "GVK to buy 2 coal mines in Australia: Acquisition of Hancock Prospecting mines key to company’s plans of increasing capacity to 10,000MW by 2013"], ''Livemint.com'', ''June 16, 2011.
==Investments in Mozambique coal mines and export infrastructure==
==Investments in Mozambique coal mines and export infrastructure==
−
* [[Essar Energy]] states that it plans that coal for stages 1 & 2 of its own 3,000MW [[Salaya power plant]] in Gujarat, India be sourced from the company's "captive coal mines in Indonesia and Mozambique." Essar's only coal project in Mozambique is the Cambulatsitsi mine."`
Essar Energy, [http://www.essarenergy.com/section_level1.aspx?cont_id=vyEUtlZ3m98= "Power"], Essar Energy website, accessed February 2012.
+
* [[Essar Energy]] states that it plans that coal for stages 1 & 2 of its own 3,000MW [[Salaya power plant]] in Gujarat, India be sourced from the company's "captive coal mines in Indonesia and Mozambique." Essar's only coal project in Mozambique is the
[[
Cambulatsitsi mine
]]
."`
Essar Energy, [http://www.essarenergy.com/section_level1.aspx?cont_id=vyEUtlZ3m98= "Power"], Essar Energy website, accessed February 2012.
==Investments in Indonesian coal mines and export infrastructure==
==Investments in Indonesian coal mines and export infrastructure==
−
* Tata Power has a 30% equity stake in PT [[Kaltim Prima Coal]] (KPC) and PT [[Arutmin Indonesia]](AI).
+
*
[[
Tata Power
]]
has a 30% equity stake in PT [[Kaltim Prima Coal]] (KPC) and PT [[Arutmin Indonesia]](AI).
−
* In November 2012 Tata Power announced that it had bought a 26% stake in [[PT Baramulti Suksessarana]] Tbk ("BSSR") in Indonesia. In a media release Tata stated that "[[PT Antang Gunung Meratus]] ("AGM"), a 100% subsidiary of the BSSR, and BSSR together own approximately 1 billion tonnes of coal resources in South and East Kalimantan." The company stated that "we recognize fuel security is key to support Tata Power's growth agenda. ... This acquisition would aim to support our power generation projects in select geographies, to be developed over next few years." The company stated that as part of the purchase the company can "purchase about 10 million tonnes of coal per annum."
Tata Power, [http://www.tatapower.com/media-corner/pressrelease-2012/press-release-08-nov-2012-a.aspx "Tata Power acquires 26% stake in large mines at PT Baramulti Suksessarana Tbk ("BSSR"), Indonesia"], Media Release, November 08, 2012.
+
* In November 2012
[[
Tata Power
]]
announced that it had bought a 26% stake in [[PT Baramulti Suksessarana]] Tbk ("BSSR") in Indonesia. In a media release Tata stated that "[[PT Antang Gunung Meratus]] ("AGM"), a 100% subsidiary of the BSSR, and BSSR together own approximately 1 billion tonnes of coal resources in South and East Kalimantan." The company stated that "we recognize fuel security is key to support Tata Power's growth agenda. ... This acquisition would aim to support our power generation projects in select geographies, to be developed over next few years." The company stated that as part of the purchase the company can "purchase about 10 million tonnes of coal per annum."
Tata Power, [http://www.tatapower.com/media-corner/pressrelease-2012/press-release-08-nov-2012-a.aspx "Tata Power acquires 26% stake in large mines at PT Baramulti Suksessarana Tbk ("BSSR"), Indonesia"], Media Release, November 08, 2012.
==Articles and Resources==
==Articles and Resources==