ANNEXURES ANNEXURE 7.5 Important Indian Investment abroad 1.0 Australia Vedanta Resources have acquired Sterlite Gold, a gold mining company for about ` 285 crore. Vedanta, until Aditya Birla Minerals Limited (ABML) has 100 per cent now, was active in mining and manufacture of non- holding in Birla Nifty Pty Limited and Birla Mt. Gordon ferrous metals like copper, aluminium and zinc but the Pty Limited located in Western Australia and company is now also doing business in precious metals. Queensland, respectively. ABML is one of the largest pure copper companies listed on the Australian Stock In June 2007, Essar Steel Holdings Ltd. acquired Exchange. Algoma Steel Inc. (Ontario, Canada. Algoma offered Essar a strong platform for growth in the North Adani group flagship company, Adani Enterprise (AEL), American market. Over the next three to five years had acquired the coal mines of Australia’s Linc Energy Essar plans to significantly enhance Algoma’s valuation in a cash and royalty deal worth A$ 2.9 billion (` through strategic capital expenditure initiatives aimed 12,220.6 crore). at increasing overall output to in excess of four million Tata Steel has been operating in Australia through Tata tons per annum. BlueScope Steel (its joint venture with Australia’s Hindalco has acquired Canada’s leading producer of BlueScope Steel.) The company produces crude steel aluminium products Novelis. Following the and basic steel products. transaction, Hindalco, with Novelis, will be the world’s International Coal Ventures Ltd. (ICVL), a special largest aluminum rolling company, one of the biggest purpose vehicle of five state owned undertakings: producers of primary aluminum in Asia, and India’s SAIL, Coal India Ltd., NMDC, NTPC and Rashtriya leading copper producer. Ispat Nigam Ltd. have reserves (220 Million approx.) Coal in Queensland, Australia. 3.0 Chille JSW Steel has acquired eight mines over an area of Apart from these the other companies who have about 1,200 hectares in the Atacama region in presence in Australia, either through Joint ventures or northern Chile at a total cost of $52 million through on their own are Bhushan Steel, Gujrat NRE coke, Tata its wholly-owned Dutch subsidiary for the exploration power and Sterlite. and exploitation of magnetite iron ore deposits. Lanco Infratech acquired Griffin Coal Mining Company in Australia through its Australian subsidiary Lanco 4.0 Indonesia Resources Australia and concluded a binding The Essar Group has signed a agreement to purchase agreement with Griffin Energy Group and Carpenter Aries coal mines, located in the Kutai region of East Mine Management Holdings. The mine produces Kalimantan in Indonesia to an estimated resource base over 4 million tonnes per annum (mtpa) of coal, which of 100 million tonne of thermal coal and mineable can be ramped up to over 15 mtpa in the near term. reserves of 64 million tonne.. The high-quality bituminous coal has gross calorific value (GCV) of 2.0 Canada 6,000 with low ash and low moisture and is suitable Tata Steel has entered into a letter of intent (LoI) to for power plants. increase its stake in Canadian mining company New The Adani Group inked an agreement to develop Millennium Capital Corp to 27.4 per cent, a move $1.65-billion rail and port project in Indonesia. The aimed at buffering its European operations from the agreement signed with the regional government of volatility in raw material prices to some extent. Sumatra Selatan, Indonesia and PT Bukit Asam Tbk, a Arcelor Mittal Canada is one of leading suppliers of coal mining company of Government of Indonesia iron ore to steel markets around the world, generating will involve construction of a 250-km of railway-line some 40 per cent of Canada’s total production. As and port infrastructure needed for transportation and both a mining and primary processing company, it ship loading of up to 60 mmtpa (million metric tonne operates extensive facilities in the Province of Quebec. per annum ) of coal. 171 Annual Report 2010-2011 5.0 Iran Singapore, Malaysia, Thailand, Vietnam, the Philippines, Australia and China (except Changzhou Wujin NatSteel) Tata group is operating in Iran by the name TATA WEST have been transferred to NatSteel Asia Pvt. Ltd. ASIA FZE. The group has two chrome ore mines i.e. the Graft chrome ore mine near Sabzevar in which 9.0 South Africa Tata has majority shareholdings and the Chahpanjsar Chrome ore mine near Birjand which is wholly owned Tata Steel KZN (Pty) is having a R670 million by the Tata. Ferrochrome plant at Richards Bay in KwaZulu-Natal, ANNEXURES South Africa. Essar Group owns two iron ore mines in Yazd and one lime stone mine in Bandar Abbas under the name JSW Energy Ltd of India signed a Memorandum of of their local company AMPRC. Understanding (MoU) to acquire a 43% interest in Indian Ocean Mining (Pty) Ltd, a coal mining 6.0 Mozambique company, from Osho Venture FZCO. Jindal Resources (Mozambique) Ltd, a subsidiary of 10.0 Thailand Jindal group, had been awarded a coal Block-2 in Moatize district of Tete province of Mozambique for Tata Steel completed the acquisition of 67.11 percent prospecting and exploration over an area of 1,480 of shares in Thailand-based Millennium Steel Public hectares, estimated to possess reserves of around 150 Co for about $170 millions an annual capacity of 1.7 million tonnes. million tons. The company, which produces long products for construction industry, and engineering Jindal Metal and Mining, another subsidiary of Jindal steel for the auto industry, owns three plants in group, had entered into a joint venture agreement Thailand. with a Mozambique-based company for prospecting, exploration and mining of coal. This block is estimated 11.0 US to contain thermal coal reserves of around 300 million tonnes. Essar group company, Essar Global, has acquired US- based Trinity Coal Partners LLC for USD 600-million CIL was awarded two coal acreages in Dec 2009 in for an access to around 200 million tonnes of reserves the Maotize region in Mozambique having an — equally split between metallurgical coal and steam estimated reserve of one billion tonne of coking and coal — from its mines in Kentucky and West Virginia. thermal coal. CIL plans to invest $400 million in the Trinity Coal will give the Essar group Trinity produces next five years if the exploration in its two coal blocks 7 million tonnes of coal annually and expects to in Mozambique yield results. increase this to 10 million tonnes per year. 7.0 Namibia Sterlite acquired ASARCO, American copper smelting Sterlite Industries (India) Limited (“Sterlite”) acquired and refining company having a smelting capaictity the Skorpion Zinc Mine (“Skorpion”) in Namibia from of .25mtpa and 3 copper mines with a total reserve Anglo American plc (“Anglo American”) on 10 May of 5mt in copper. deal with no dilution. ASARCO is 2010. Anglo Zinc comprises the 100 per cent owned the third largest copper mining and smelting company Skorpion mine in Namibia, the 100 per cent owned in the US. ASARCO has 3 open pit copper mines with Lisheen mine in Ireland and the 74 per cent owned around 5mt copper in contained reserves and a copper Black Mountain Mines, which includes the Black smelter The plant at Hayden, Arizona also has a Mountain mine and Gamsberg project in South Africa. capacity to produce 0.9mtpa of sulphuric acid. JSW Steel has completed the acquisition of coking 8.0 Singapore coal assets in Western Virginia, US having total Tata Steel, had completed the 100 per cent acquisition resources of 123 million tones for a total consideration of Singapore-based NatSteel’s steel business for 486.4 of $100 million. The reserves are estimated to be million Singaporean dollars on August 16, 2004. .As around 45 million tones on part of the area where part of the transaction, all steel assets of NatSteel in drilling was already done. 172 Ministry of Mines.