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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 $48,18 apiece by 11:36 in New York.
Source: Mining Weekly (By: Liezel Hill)
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Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
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- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
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