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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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Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- The University of Queensland
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
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