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Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combined $39 million worth of White Energy shares as a result.
The deal will give White Energy access to a large coal resource at Lake Phillipson, about 60 kilometres south of Coober Pedy in South Australia's far north.
Managing director of White Energy John Atkinson says shareholders in South Australian Coal Limited are reinvesting $100 million back into White Energy, which it will add to its overall funds.
"The key figures in the South Australian coal company are putting their money where their mouths are and that'll give White Energy in excess of $200 million and we'll then use funds to exploit the opportunity at Lake Phillipson and also exploit the opportunities in other coal markets," he said.
Mr Atkinson says a process will also upgrade the Lake Phillipson coal so it can be exported.
"That process takes high-moisture coal and effectively reduces the moisture content and creates a high-energy and high-value thermal coal out of what started as a high-moisture low-energy coal," he said.
Source: ABC Net
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Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
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- Sical Logistics Limited - India
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- Wood Mackenzie - Singapore
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- Semirara Mining and Power Corporation, Philippines
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- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
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- Australian Coal Association
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- Commonwealth Bank - Australia
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- Agrawal Coal Company - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- White Energy Company Limited
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- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
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- Interocean Group of Companies - India
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- Electricity Generating Authority of Thailand
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- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Planning Commission, India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
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- Star Paper Mills Limited - India
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- New Zealand Coal & Carbon
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- The University of Queensland
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
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- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
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- CNBM International Corporation - China
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- Petron Corporation, Philippines
- PowerSource Philippines DevCo
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- International Coal Ventures Pvt Ltd - India
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- Toyota Tsusho Corporation, Japan
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- European Bulk Services B.V. - Netherlands
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- Ministry of Transport, Egypt
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
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