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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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Monday, 05 April 10
RI TO SET REFERENCE FOR COMMODITIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia is set to help establish global reference prices for mining and agricultural commodities, with the establi ...
Monday, 05 April 10
MARCO POLO MARINE SECURES US$20 MILLION 4-YEAR COAL TRANSSHIPMENT CONTRACT
COALspot.com: Accordign to Mraco Polo Marine website, Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logisti ...
Saturday, 03 April 10
SHIPS OPENING FAREAST CONTINUE TO BE STRUGGLING FOR CARGOES - VISTAAR
COALspot.com: The dry bulk freight market continues to be under pressure and all the indices were down this week except for Cape size index which wa ...
Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidenti ...
Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
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- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
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