We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
 STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks to expand its capacity to supply fuel to a fast-growing Asian market.
The hostile bid follows an earlier offer from St. Louis-based Peabody that was likewise turned down by Macarthur's board.
"Peabody's proposal is highly conditional and does not fully value Macarthur and its significant growth prospects," Macarthur Chairman Keith DeLacy said Wednesday in a statement.
Peabody, the world's largest private-sector coal company, has rapidly expanded operations in Australia since buying its first mine there six years ago. Last year, the company said it plans to double coal exports from the country by 2014.
The company on Wednesday said it is "disappointed" with the initial rejection and believes Macarthur's assets and growth prospects are a good fit with its existing Australian operations.
Brisbane-based Macarthur produced about 4.6 million tons of so-called metallurgical coal last year from two Queensland mines and is in the midst of an expansion. The company, which owns 145 million tons of reserves, supplies coal to steel mills in Asia, Europe and Brazil.
Peabody's offer values Macarthur at about $680 per ton of production and $21 per ton of reserves, according to Jefferies & Co. analyst Michael Dudas.
"We believe the initial bid is the first step in a long, complex negotiating process involving numerous players in the coal and steel industry," Dudas said in a research note.
Peabody said it is currently in discussions with Macarthur's three largest shareholders, who collectively own 47 percent of the company.
Peabody said its offer is conditional on Macarthur calling off an earlier agreement to purchase rival Gloucester Coal Ltd., which is 88-percent owned by Asian commodities firm Noble Group Ltd.
Macarthur is holding a meeting on April 12 for shareholders to vote on whether to issue shares to complete the Gloucester deal.
Peabody said its bid is 34 percent higher than the price of Macarthur shares to be issued to Noble as part of the Gloucester agreement. It is also higher than a February valuation by an independent expert hired by Macarthur, Peabody said.
Source: ST. LOUIS POST-DISPATCH (By: BY Jeffrey Tomich)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
|
|
|
Showing 5946 to 5950 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Minerals Council of Australia
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Australian Coal Association
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Australian Commodity Traders Exchange
|
| |
| |
|
