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Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS


Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mine is estimated to contain within itself 7-8 billion tonnes of coal reserves. This has been informed by the Adani Enterprises in a press meet and as per sources this has been a major deal for the Indian Inc.

Adani Enterprises has acquired the coal mine for its subsidiary, the Singapore based Adani Global.

From the $1 billion, Adani is supposed to part from the first tranche of $435 million in the following few days.

The remaining payment is slated to be made over the next few months.

Adani Enterprises has planned to invest largely in the project in order to produce a target of over 50 million tonnes of coal in the following 3-4 years. 

However, the ultimate status of the deal is expected to be announced within mid-August of this year and Adani Enterprises has refused to say anything regarding the development of this project so far.
Source: Top News



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Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...


Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...


Tuesday, 14 September 10
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Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...


Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...


Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...


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