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Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian newspaper reported the two companies were negotiating a $1-billion deal that would give Coal India a stake in four Australian coal mines.
“Coal India and Peabody are in a broad range of preliminary discussions to explore long-term coal supplies and other possible cooperative ventures,” Peabody said in a statement.
“These are at very early stages and there have been no final agreements or decisions made regarding timing or structure.”
The company said it “recognises” the growing long-term coal demand in India, which may be the world's fastest growing coal importer.
Peabody is in the middle of a hostile takeover bid for Australia's Macarthur Coal, which rejected the company's initial proposal, as well as a sweetened offer announced last week.
Another coal producer, New Hope Corp has also made an offer for Macarthur, but the company says it plans to go ahead with its own takeover of rival Gloucester Coal instead. Xstrata is also expected to make an offer for Macarthur, although it has not done so yet.
The discussions with Coal India are “unrelated to other potential transactions” that Peabody has been engaged in, the firm said on Monday.
According to the article in the Sydney Morning Herald, the deal being negotiated between Peabody and Coal India could involve assets in the US and Indonesia as well as Australia, and included both metallurgical and thermal coal operations.
The report cited comments by Phalguni Guha, the chief general manager of Coal India's foreign-venture arm.
Shares in Peabody Energy rose 3,95% on Monday, to $48,18 apiece by 11:36 in New York.
Source: Mining Weekly (By: Liezel Hill)
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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Australian Coal Association
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
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