TATA-STEEL, wann gehts hier los ?
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Financial Times
Tata Steel will Nummer zwei werden
von Joe Leahy (Colombo)
Tata Steel will in fünf Jahren zweitgrößter Stahlhersteller der Welt sein. Am Donnerstag bekundete der indische Konzern dieses Ziel erstmals öffentlich - und legte auch dar, wie er es erreichen will.
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Vor kurzem hatte Tata Steel den britisch-niederländischen Wettbewerber Corus übernommen, nun soll der Zukauf helfen, die Jahresproduktion von 25 Millionen Tonnen Stahl bis 2012 auf 40 Millionen und bis 2015 auf 50 Millionen Tonnen auszubauen. Das würde Tata Steel vom derzeitigen sechsten Rang auf Rang zwei weltweit katapultieren.
"Das ist unser ehrgeiziges Ziel", sagte Tata Steels Finanzvorstand Koushik Chatterjee.
Analysten sagten, der Konzern lege sich die Messlatte hoch, doch die Pläne gehörten zu einem überlegten Schwung an Investitionen, durch die die indische Stahlbranche die Nutzung der gewaltigen Eisenerzreserven des Landes optimieren will.
ZUM THEMA
Arcelor Mittal trifft die Erwartungen (http://www.ftd.de/unternehmen/industrie/...20Erwartungen/200431.html)
Mittal liebäugelt mit nächstem Stahlkonzern (http://www.ftd.de/unternehmen/industrie/...0Stahlkonzern/197030.html)
Stahlfusion an der Saar bahnt sich an (http://www.ftd.de/unternehmen/industrie/...fusion%20Saar/190203.html)
Inder schnappen sich kanadischen Stahlkonzern (http://www.ftd.de/unternehmen/industrie/...0Stahlkonzern/186946.html)
Stahlpreise und Posco-Gewinne steigen rasant (http://www.ftd.de/unternehmen/industrie/...sco%20Gewinne/185806.html)
(€) Inder machen das Rennen bei Corus (http://www.ftd.de/unternehmen/industrie/156695.html)
Diesen Artikel jetzt anhören
80 Mrd. $ werden indische Stahlfirmen nach einer Schätzung von Macquarie Securities investieren, um die Kapazitäten der Branche bis 2012 auf 150 Millionen Tonnen jährlich zu steigern. Um Investitionen anzulocken, vergeben die Regierungen der indischen Bundesstaaten derzeit praktisch umsonst Ressourcen an Stahlfirmen. Einzige Bedingung ist, dass das Erz vor Ort verarbeitet wird.
"Es herrscht ein riesiger Andrang, die Bodenschätze Indiens über einheimische (Firmen) zu bergen, und auch multinationale Konzerne wie Posco und Mittal Steel konkurrieren hier miteinander", sagte Macquarie.
Auch aufgrund seines bestehenden Angebots an günstigen Rohstoffen bleibt Tata Steel einer der profitabelsten Stahlproduzenten weltweit. Bei der Vorlage des Ergebnisses für das abgelaufene Geschäftsjahr am Donnerstag teilte Tata Steel mit, der bereinigte Nettogewinn ohne Corus sei um zwölf Prozent auf 41,7 Mrd. Rupien (761 Mio. Euro) gestiegen.
Die Pro-forma-Zahlen für die Fusion mit Corus zeigen, dass mit der Integration mit dem britisch-niederländischen Konzern auf Tata Steel noch eine Menge Arbeit zukommt.
Mit sonnigem Gruß
Atomi
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Click to enlarge photo
By Michael Hogan
BERLIN (Reuters) - Anglo-Dutch steelmaker Corus, owned by India's Tata Steel, will put its primary aluminium smelters in Germany and the Netherlands up for sale after electricity contracts have been agreed for the plants, Corus CEO Philippe Varin said on Tuesday.
Electricity supply contracts were currently underway for the plants in both countries, Varin said.
"When these contracts are in place our goal is to find a strategic future for this business, the primary aluminium production, in an environment which is more supportive of the aluminium business outside of Corus," he told Reuters on the sidelines of the IISI global steel industry conference in Berlin.
Asked if that meant they would be put up for sale, he said: "yes."
The smelters in Delfzijl in the Netherlands and Voerde in Germany have combined capacity to produce around 250,000 tonnes of primary aluminium annually and, including secondary production from scrap, have total output of more than 300,000 tonnes of aluminium a year.
India's Tata Steel won a bidding battle in January 2007 to buy Corus.
As Tata is focused on steel, industry analysts have expected the primary aluminium plants to be sold.
In October 2005, Corus reached a new power supply agreement for its Voerde aluminium plant in Germany, saving the works from closure.
Asked on Tuesday whether this contract meant the power supplies of the Voerde plant were secure, Varin said: "We now have some CO2 issues on this contract that we did not have before."
This meant both plants had electricity supply issues which needed to be solved, he said.
He could not say whether he expected the power supply contracts to be settled this year.
High power costs have compelled the closure of two German aluminium plants in the last two years, HAW in Hamburg and Norsk Hydro's plant in Stade. But HAW has since reopened.
Mit sonnigem Gruß
Atomi
------------------------------------------------
"Verallgemeinere nie"
Denn im Nu ist man um eine gute Erfahrung ärmer,
nur weil man den anderen unterschätzt hat.
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Wertpapier: Tata Steel Plc. |
Deutsche Bank Research,
Hohes Wachstum programmiert. Die Stahlbranche befindet sich weltweit auf
Expansionskurs. Seit einigen Jahren kommt ihr die besondere Dynamik der asiatischen
Staaten (v.a. Indiens und Chinas) zugute. Die wirtschaftlichen Aufholprozesse
in diesen Ländern kurbeln die Stahlnachfrage stark an.
In Indien überdurchschnittliche Zunahme zu erwarten. Wir rechnen mit
einer Steigerung der indischen Rohstahlproduktion zwischen 2005 und 2015 von
derzeit 38 Mio. Tonnen auf 68 Mio. Tonnen (+6% p.a.). Im gleichen Zeitraum sind
umfangreiche Kapazitätserweiterungen geplant. Die Weltrohstahlerzeugung nimmt
im Prognosezeitraum um rd. 5% p.a. auf 1.800 Mio. Tonnen etwas weniger schnell
zu. Trotz der dynamischen Produktionssteigerung erreicht der Anteil der indischen
Stahlproduktion an der gesamten Weltrohstahlproduktion in den nächsten zehn
Jahren nur knapp 4%. Im Vergleich zu China (41%) ist das vergleichsweise recht
wenig.
Vordringen der Stranggusstechnik. Zur Effizienzsteigerung der Stahlindustrie
hat vor allem der stärkere Einsatz der Stranggusstechnik – als Gradmesser der
Modernität – beigetragen. Ihr Anteil an der indischen Rohstahlerzeugung stieg von
38% Mitte der 90er Jahre auf nunmehr 66%. Damit ist Indien auf gutem Wege,
Anschluss an die führenden Stahlhersteller unter den Industrieländern zu finden
(Anteil in EU-25: 96%). Allerdings werden in Indien immer noch rd. 6% des Rohstahls
auf Basis des veralteten Siemens-Martin-Verfahrens hergestellt (EU-25:
0,3%), was auf weitere Restrukturierungspotenziale hinweist.
Unternehmen drängen auf Weltmarkt. Das indische Stahlministerium plant,
die Exportquote in den kommenden 15 Jahren von derzeit 15% auf 24% zu erhöhen.
Große Unternehmen, wie SAIL und Tata Steel, wollen Global Player werden,
indem sie sich an ausländischen Firmen beteiligen.
------------------------------------------------
"Verallgemeinere nie"
Denn im Nu ist man um eine gute Erfahrung ärmer,
nur weil man den anderen unterschätzt hat.
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Wertpapier: Tata Steel Plc. |
Angehängte Grafik:
z.png (verkleinert auf 99%)
z.png (verkleinert auf 99%)
mit sonnigem Gruß
Atomi
------------------------------------------------
"Verallgemeinere nie"
Denn im Nu ist man um eine gute Erfahrung ärmer,
nur weil man den anderen unterschätzt hat.
Optionen
| Boardmail an "Atomi" |
Wertpapier: Tata Steel Plc. |
Angehängte Grafik:
tatasteel.png (verkleinert auf 99%)
tatasteel.png (verkleinert auf 99%)
zwischen 2005 und 2015 von derzeit 38 Mio. Tonnen
auf 68 Mio. Tonnen (+6% p.a.). Der Zuwachs der indischen
Rohstahlproduktion in den zehn Jahren bis 2015 von rd. 30 Mio.
Tonnen entspricht in etwa der derzeitigen jährlichen Rohstahlerzeugung
Italiens. Allerdings ist dabei zu berücksichtigen, dass der jährliche
Pro-Kopf-Verbrauch an Stahl in Indien derzeit nur 35 kg beträgt
gegenüber 400 kg in der EU-25.
Maßgeblich für das hohe Wachstum in Indien ist die gute Performance
der inländischen Abnehmerindustrien – vor allem der Bauwirtschaft,
der Automobilindustrie und des Maschinenbaus. Insgesamt
dürfte die Industrieproduktion in Indien in den kommenden
Jahren zweistellig zunehmen. Hinzu kommen Impulse vom privaten
Verbrauch. Die anhaltende Auslagerung von IT-gestützten Geschäftsprozessen
nach Indien bietet der dortigen Mittelschicht gute
Einkommensmöglichkeiten.
Die indische Regierung will eine moderne und effiziente Stahlindustrie.
Strategisches Ziel ist nicht mehr allein die Versorgung des Binnenmarktes.
Das Land versucht, sich mittelfristig auch stärker als
Exporteur von Stahlerzeugnissen zu positionieren. Nach den Plänen
der Regierung soll die Exportquote von derzeit 14 auf 24% gesteigert
werden. Die Ankündigung einer offensiven Exportstrategie im
Zusammenhang mit den geplanten Kapazitätserweiterungen dürfte
nicht ohne Auswirkungen auf den Weltstahlmarkt bleiben. Insbesondere
bei Commodities ist mit einem verschärften Wettbewerb zu
rechnen. Als Marktversorgung wurden vom indischen Stahlministerium
bis zum Jahr 2020 etwa 90 Mio. Tonnen vorgegeben – gegenüber
knapp 38 Mio. Tonnen in 2005. Das würde für die kommenden
Jahre ein Wachstum von rd. 6% p.a. bedeuten. Die Ausweitung des
Industriesektors und damit auch des Stahlverbrauchs ist unbedingt
notwendig, um die Armut weiter Teile der Bevölkerung zu verringern.
Kräfige Aufstockung der Produktionskapazitäten
Stück
------------------------------------------------
"Verallgemeinere nie"
Denn im Nu ist man um eine gute Erfahrung ärmer,
nur weil man den anderen unterschätzt hat.
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Wertpapier: Tata Steel Plc. |
Grund meiner überlegung
durch die zusammenarbeit indien/china rechne ich eher mit einem gemeinschafts Deal nach dem motto der eine hilft dem anderen bei der autoproduktion und im gegenzug kommt es zu einer stahlcorporation
warmir zu heiß, drücke dir aber die daumen
__________________________________________________
auf unserem Planeten gibt es nur Propheten
zwar jetzt nicht erst wenn der Zug rollt!
Mit sonnigem Gruß
Atomi
------------------------------------------------
"Verallgemeinere nie"
Denn im Nu ist man um eine gute Erfahrung ärmer,
nur weil man den anderen unterschätzt hat.
Optionen
| Boardmail an "Atomi" |
Wertpapier: Tata Steel Plc. |
Atomi
------------------------------------------------
"Verallgemeinere nie"
Denn im Nu ist man um eine gute Erfahrung ärmer,
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Wertpapier: Tata Steel Plc. |
Tata Steel, which bought Anglo-Dutch firm Corus Group for nearly $13 billion earlier this year, said its standalone net profit for the September quarter rose to 11.91 billion rupees from 11.01 billion a year earlier.
A Reuters poll of 11 brokerages had forecast a net profit of 11.70 billion rupees.
Net sales for the quarter rose 14 percent to 47.85 billion rupees from 42.02 billion a year earlier.
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Angehängte Grafik:
tatasteel_1_.png (verkleinert auf 99%)
tatasteel_1_.png (verkleinert auf 99%)
for the Quarter/Six months ended on 30th September, 2007
http://www.tatasteel.com/investorrelations/Q2Results0708.pdf
DSIR awards Tata Steel for Environment R&D Technology
~Acknowledgement for Hexavalent Chrome Removal Technology~
New Delhi, November 15, 2007
Tata Steel, the world’s sixth largest steel maker, has won the DSIR Award 2007 (Department of Scientific & Industrial Research) for R&D Effort in implementing an indigenous technology for removing hexavalent chromium from chrome ore concentrates. Dr. Debashish Bhattacharjee, Chief – R&D and Scientific Services, Tata Steel received the award at a function held in New Delhi today.
Apart from environmental benefits, this technology will save 250 litres of water per tonne of concentrate (i.e., saving about 125 million litres of water per annum) in our mines.
Dr. Debashish Bhattacharjee, Chief R&D and Scientific Services said, “With innovative research and tenacious implementation, the hexavalent Cr level has been brought down from 0.4ppm to 0.001ppm in our Cr ore concentrate. The cut-off set by WHO is 0.05ppm. This is indeed a huge achievement for us and we are very proud to have received this prestigious award.” The cut-off for Cr VI set by WHO is 0.05ppm. Through this research Tata Steel has managed to bring down the hexavalent Cr levels from 0.4ppm to 0.001ppm in Cr ore concentrate. The team required for this project was highly cross-functional with contributions needed from CLRI, Sukinda operations, Chemical Labs for measuring low levels of hex Cr, Environment Dept, and of course R&D. The team was led by Mr. Gajanan Kapure, a researcher in R&D.
Chromium in nature exists in the valencies of two to six. Trivalent compounds (Cr III) do not cause any serious damage to body tissue; in fact, it is an important component of a balanced human and animal diet. The toxic action of chromium is confined to the hexavalent compound (Cr VI). It is this hexavalent molecule that is the ‘rogue’ molecule which is a highly toxic carcinogen and may cause death to humans and animals if ingested in large doses. The metallurgical industry commonly uses chromium for the production of stainless steels, alloy cast iron and nonferrous alloys as well as for plating steel.
About Tata Steel
Established in 1907 as Asia’s first integrated private sector steel company, Tata Steel today is the world’s sixth largest steel producer with geographic footprints in India, South East Asia, UK and Europe. With the recent acquisition of Corus Limited, the combined enterprise has a pro forma crude steel capacity of 25.6 million tonnes with over 84,000 employees across the four continents.
The establishment of a Research Department in Tata Steel is the first of its kind in India which was established way back in 1935. It stands as a testimony to the spirits of the early pioneers and the vision of the founder of Tata Steel. The Company’s strength in research and development has consistently helped to meet the challenges of growth and change.
*The Company is proposing, subject to market conditions and other considerations, an offer on a rights basis of its equity shares and cumulative convertible preference shares and has filed a Draft Letter of Offer with SEBI and the stock exchanges. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the respective websites of the BRLMs at www.jmfinancial.in, www.citibank.co.in and www.dspml.com”
HOMEPAGE: http://www.tatasteel.com/default.asp
CLAUSE 35 OF EQUITY LISTING AGREEMENT
Name of the Company : Tata Steel Limited
Scrip Code : 500470
Quarter Ended : 30th September, 2007
(I) (a) Statement showing Shareholding Pattern
Category code
Category of Shareholder
Number of Shareholders
Total number of shares
Number of shares held in dematerialised form
Total Shareholding as a percentage of total number of shares
As a percentage of (A+B)
As a percentage of (A+B+C)
(A)
Shareholding of Promoter and Promoter Group
(1)
Indian
(a)
Individuals / Hindu Undivided Family
0
0
0
0.00
0.00
(b)
Central Government / State Governments(s)
0
0
0
0.00
0.00
(c)
Bodies Corporate
23
204620756
204118671
33.60
33.60
(d)
Financial Institutions / Banks
0
0
0
0.00
0.00
(e)
Any Other (Trust )
2
1031460
1031460
0.17
0.17
Sub-Total (A) (1)
25
205652216
205150131
33.77
33.77
(2)
Foreign
(a)
Individuals (Non-Resident Individuals / Foreign Individuals)
0
0
0
0.00
0.00
(b)
Bodies Corporate
0
0
0
0.00
0.00
(c)
Institutions
0
0
0
0.00
0.00
(d)
Any Other (specify)
0
0
0
0.00
0.00
Sub-Total (A) (2)
0
0
0
0.00
0.00
Total Shareholding of Promoter and Promoter Group (A) = (A)(1)+(A)(2)
25
205652216
205150131
33.77
33.77
(B)
Public Shareholding
(1)
Institutions
(a)
Mutual Funds / UTI
272
20753651
20676993
3.41
3.41
(b)
Financial Institutions / Banks
381
2095541
1818688
0.34
0.34
(c)
Central Government / State Governments(s)
8
119317
8040
0.02
0.02
(d)
Venture Capital Funds
0
0
0
0.00
0.00
(e)
Insurance Companies
36
92581195
92578070
15.20
15.20
(f)
Foreign Institutional Investors
362
130034424
130004965
21.35
21.35
(g)
Foreign Venture Capital Investors
0
0
0
0.00
0.00
(h)
Any Other (specify)
0
0
0
0.00
0.00
Sub-Total (B) (1)
1059
245584128
245086756 40.32
40.32
(2)
Non-Institutions
(a)
Bodies Corporate
6051
20657738
19785655
3.40
3.40
(b)
Individuals -
i
Individual shareholders holding nominal share capital upto Rs. 1 lakh
562167
116766696
83698387
19.18
19.18
ii
Individual shareholders holding nominal share capital in excess of Rs. 1 lakh
771
15056242
12187662
2.47
2.47
(c)
Any Other (specify)
i
Trusts
81
5245844
113418
0.86
0.86
ii
Foreign Corporate Bodies
7
6125
5000
0.00
0.00
Sub-Total (B) (2)
569077
157732645
115790122
25.91
25.91
Total Public Shareholding (B) = (B)(1)+(B)(2)
570136
403316773
360876878
66.23
66.23
TOTAL (A)+(B)
570161
608968989
566027009
100.00
100.00
(C)
Shares held by Custodians and against which Depository Receipts have been issued
1
3867
3867
0.00
0.00
GRAND TOTAL
(A)+(B)+(C)
570162
608972856
566030876
100.00
100.00
Sr. No.
Name of the Shareholder
Number of Shares
Shares as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in statement at para (I) (a) above}
1
TATA SONS LIMITED 168263040 27.63
2
TATA MOTORS LIMITED 26119229 4.29
3
TATA CHEMICALS LTD 3109302 0.51
4
TATA INVESTMENT CORPORATION LIMITED 2705601 0.44
5
EWART INVESTMENTS LIMITED 1478720 0.24
6
RUJUVALIKA INVESTMENTS LIMITED 1168393 0.19
7
SIR DORABJI TATA TRUST 842460 0.14
8
SHEBA PROPERTIES LIMITED 491542 0.08
9
KALIMATI INVESTMENT COMPANY LIMITED * 671455 0.11
10
TATA INDUSTRIES LIMITED 570369 0.09
11
SIR RATAN TATA TRUST 189000 0.03
12 TRENT BRANDS LIMITED 22700 0.00
13 TATA TEA LIMITED 8905 0.00
14 QUESTAR INVESTMENTS LIMITED 1500
0.00
15 TATA CAPITAL LTD 10000
0.00
TOTAL
205652216
33.77
* This includes 6,71,455 shares allotted to Kalimati Investment Company Limited pursuant to the Bombay High Court Order dated 3rd April, 2003, approving the Scheme of Amalgamation of Tata SSL Limited with the Company. These shares do not carry any voting rights.
(I) (c) Statement showing Shareholding of persons belonging to the category "Public" and holding more than 1% of the total number of shares
Sr. No.
Name of the Shareholder
Number of Shares
Shares as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in statement at para (I) (a) above}
1
LIFE INSURANCE CORPORATION OF INDIA 61643271 10.12
2
HSBC GLOBAL INVST. FUNDS A/C HSBC GLOBAL INVST. FUNDS MAURITIUS LTD. 12800000 2.10
3
THE NEW INDIA ASSURANCE COMPANY LIMITED 7616937 1.25
4
JANUS GROWTH AND INCOME FUND 6785728 1.11
5
NATIONAL INSURANCE COMPANY LIMITED 7103450 1.17
6
MORGAN STANLEY AND CO. INTERNATIONAL LIMITED A/C MORGAN STANLEY MAURITIUS COMPANY LIMITED 9825898 1.61
7
MACQUARIE BANK LIMITED 10578358 1.74
8
GOLDMAN SACHS INVESTMENTS (MAURITIUS) I LTD 9802345 1.61
9
DEUTSCHE SECURITIES MAURITIUS LIMITED 12527940 2.06
TOTAL
138683927
22.77
(I) (d) Statement showing details of locked-in shares
Sr. No.
Name of the Shareholder
Number of locked-in Shares
Locked-in shares as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in statement at para (I) (a) above}
1
TATA SONS LIMITED
55500000
9.11
TOTAL
(II) (a) Statement showing details of Depository Receipts (DRs)
Sr. No.
Type of outstanding DR (ADRs, GDRs, SDRs, etc.)
Number of outstanding DRs
Number of shares underlying outstanding DRs
Shares underlying outstanding DRs as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in statement at para (I) (a) above}
1
GDR HELD BY CITIBANK N.A.
3867
3867
0.00
TOTAL
3867
3867
0.00
28.11.2007 12:01
India's Tata Steel revamps organisational structure, names group heads
MUMBAI (Thomson Financial) - India's Tata Steel Group (Nachrichten) said it has reorganised its management structure to realise its goal of becoming a leading player in the global steel industry.
As part of the new organisation structure, Tata Steel, which also includes Tata Steel Thailand, NatSteel Asia, and Anglo-Dutch steel maker Corus Group, said it has formed a central body to create a common approach across the group.
The functions that will fall under control of the centre are technology&integration, finance, strategy, corporate relations and communications as well as global minerals.
A joint executive committee for the entire group will also meet quarterly to review overall performance against goals set, Tata Steel said.
Both Tata Steel and Corus Group will have an executive committee each, which will be chaired by the company's managing director B Muthuraman and Corus Group chief executive officer, Philippe Varin.
Tata Steel said each of the functions for the group will be headed by executives who will report to Muthuraman and Varin, respectively.
Tata Steel said Tridibesh Mukherjee has been appointed Group Director, Technology and Integration, Koushik Chatterjee has been appointed Group Chief Financial Officer, Jean-Sebastien Jacques has been appointed as Group Director, Strategy, Manzer Hussain will be Group Director, Communications and Arun D Baijal is Group Director Global minerals.
Mukherjee, Chatterjee, and Jacques already are on the 'Strategy and Integration Committee,' which is chaired by Tata Steel chairman, Ratan Tata.
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TATA STEEL
Tata Steel Group announced a new organization structure effective from Jan. 01, 2008.
Tata Steel Group comprises of two entities, namely, Tata Steel (Q, N,C,F)* (including Tata Steel Thailand and NatSteel Asia) and Corus Group.
As per the restructuring, the chairman of Tata Steel, Ratan Tata will continue to chair the strategy and integration committee.
Tridibesh Mukherjee has been appointed as the group director, Technology and Integration, Koushik Chatterjee as group chief financial officer. Jean-Sebastien Jacques has been appointed as the group director, Strategy. Manzer Hussain is appointed as group director, communications. Arun D Baijal is appointed as the group director global minerals.
Both Tata Steel and Corus entities will have executive committees chaired by the MD, B Muthuraman and the CEO, Philippe Varin respectively.
Further, the company announced that a joint executive committee for Tata Steel Group will meet quarterly to review overall performance against the group ambition. This committee will be co-chaired by the MD of Tata Steel and the CEO of Corus.
Tata Steel seeks more Australian ventures
SYDNEY (Reuters) - India's Tata Steel Ltd can no longer supply enough of its own raw materials as its steel making capabilities soar, and it will seek more joint ventures with Australian mining companies to make up the gap.
Tata Managing Director B. Muthuraman said in an interview with Reuters on Friday that its self-sufficiency in raw materials such as iron ore and coking coal had ended after it bought European steel group Corus for $12.9 billion this year.
"Tata Steel will form more joint ventures in Australia to secure additional materials sources," Muthuraman said. The Corus acquisition made Tata the world's sixth-biggest steel company, able to churn out 28.1 million tonnes of crude steel a year.
Tata used to supply up to 80 percent of the raw feed needed by its mills from its own mines. With Corus in its fold, that figure has fallen to only about 25 percent.
Australia, with its vast reserves of iron ore, coal and other minerals, is increasingly becoming a quarry for Asia's fast-industrialising economies.
As more mines open up across Australia, resource-hungry companies such as Tata Steel are vying with Japanese, Russians, Ukrainians, Chinese and others for partnerships with local prospectors.
Tata Steel said earlier on Friday it would pay A$100 million ($88 million) to take 35 percent of a coal project to be set up in Mozambique with Riversdale Mining Ltd. Muthuraman was in Sydney for the signing of the deal.
"For the last 100 years we have been a fully integrated company, so holding our own raw materials sources is important to us," Muthuraman said. "Therefore we will see more forays into securing more of our raw materials in the future."
Iron ore prices have galloped higher for five straight years and this year are forecast by Australia's Macquarie Bank to rise another 50 percent or so as mills compete for limited supplies from miners such as Brazil's CVRD and Australia's Rio Tinto and BHP Billiton.
The price of coking coal, also integral in steel making, could rise around 50 percent this year, analysts have said, while Muthuraman sees steelmakers having to pay more for raw products for a least another three or four years.
Muthuraman said the investment in Riversdale, which does not expect to begin mining coal until 2010, provides Tata with a foothold in Mozambique, which is opening its doors to international miners nearly two decades after a civil war ended.
"Tata Steel has vast experience in coal mining over several decades and will be contributing technical expertise to the joint venture," Muthuraman said.
Tata Steel sees iron ore prices rising
SYDNEY (Reuters) - India's Tata Steel Ltd said on Friday it expects iron ore prices to rise for another three to four years.
"While the sudden jump in raw material prices such as iron ore happened because of the rise of capacity not matching increasing steel demand, prices have continued to rise. We see new prices stabilising and settling down in 3-4 years," Tata's managing director, B. Muthuraman, told reporters.
Tata Steel said earlier it would pay A$100 million ($88 million) to take 35 percent of a coal project to be set up in Mozambique with Riversdale Mining Ltd.
Tata Steel, Riversdale Mining form JV for Mozambique Coal Project
Tata Steel and Riversdale Mining signed an agreement to establish a special purpose joint venture (JV) vehicle to develop a hard coking and thermal coal project at key coal exploration tenements held by Riversdale in Mozambique.
Under terms of the agreement, Tata Steel (Q, N,C,F)* will pay AUD 100 million (USD 88.2 million) to acquire a 35% project interest. For this consideration, Tata Steel secures a key position in the JV formed to develop the Mozambique Coal Project, as well as a 40% share of the off-take for coking coal.
Tata Steel will also have an option to participate above this level of tonnage, and may participate with Riversdale in future opportunities on Riversdale`s surrounding tenements.
The JV comprises two licenses (Benga and Tete) and covers an area of 24,960 hectares (approx. 96.7 square miles). Riversdale Mining holds a total acreage of over 290,000 hectares (1,120 square miles) in Mozambique.
The coking coal derived from this project will be supplied to the Tata Steel group`s facilities in Europe, Asia and elsewhere.
Tata Steel to Buy Stake in Coal Project
Friday November 30, 5:37 am ET
By Rajesh Mahapatra, AP Business Writer
Tata Steel to Buy 35 Percent Stake in Australian Company's Coal Project in Mozambique
NEW DELHI (AP) -- Tata Steel Ltd. agreed with Australia's Riversdale Mining Ltd. Friday to buy 35 percent of its coal project in Mozambique for $88 million, the Indian company said in a statement.
The Mozambique project will help Tata Steel secure coal supplies for its European and Asian operations, the statement said. Tata Steel became the world's sixth largest steel producer after acquiring London-based Corus Group PLC in January this year.
"The global steel business of Tata has an increasing need to source coal, and the Mozambique Coal Project is well positioned to help meet their future demands for hard coking coal," Riversdale Chairman and CEO Michael O'Keeffe said in the statement.
Under terms of the deal, Tata Steel and Riversdale will have a joint venture to mine coking coal for steel production and develop a thermal coal project in Mozambique, where the Australian miner holds rights to coal reserves spread over about 1,120 square miles.
The joint venture's operation will be limited to around 1.3 billion tons of the total reserves in the area.
The Tata Group -- whose diverse interests include salt, steel and software -- is one of the most aggressive Indian companies in seeking overseas acquisitions after thriving for decades in a protected home market.
Indian companies hope to penetrate new markets, acquire technologies and gain access to raw materials needed for domestic production through their overseas ventures and buyouts.
In March, the Tata Group reached a deal to buy a 30 percent stake each in three companies owned by Indonesian mining outfit Bumi Resources for a total of $1.1 billion to secure coal supplies for its upcoming power plants in India.
The latest acquisition comes as coal prices continue to rise amid robust demand from China and India.
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...in diesem Sinne - Fussball/Premiere ruft...