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Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
Peabody will transfer the mine to a special purpose vehicle or a company set up for a particular transaction in which it will hold up to 90%, with the Indian company owning the rest, a CIL official said. He spoke on conditions of anonymity as the transaction has not been closed.
CIL is eager to buy Wilkie Creek mine, located in the province of Queensland, as part of its drive to import coal. The company’s chairman, Partha S Bhattacharyya, has said he expects to strike a deal soon.
“The plan is to form a new company by Peabody to which the Wilkie Creek mine will be transferred. CIL will take 10-15% stake in this company at a price which is being negotiated,” the official said. Earlier, the CIL chairman had said the difference between the price offered by CIL and the price being asked by Peabody has narrowed considerably.
Reports suggest that the asking price had come down to $600-700 million from $1 billion earlier. If CIL acquires a 15% stake, it will have to pay close to $105 million. The Wilkie Creek mine is located in the Surat Basin in south-east Queensland and produces 2.35 million tonne of coal usable in power plants.
The coal extracted is exported to Japan, Taiwan and Korea to fire power plants in these countries. Peabody holds mining leases totalling 1,128 hectare in the area and the company’s expansion project seeks to convert additional areas to active mining leases. Brisbane, which is 250 km away, is the nearest port.
CIL is in talks with foreign coal firms Peabody of US, Massey Energy and Indonesian Sinarma , for possible partnerships that will see investment of about $2 billion (over `9,000 crore) in overseas ventures.
Source: Economic Times
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Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
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- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- ASAPP Information Group - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
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