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Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale in its first big attempt at a deal since a failed iron ore merger with rival BHP Billiton.
Rio called the all-cash, $16 per share offer 'attractive' and said it already had pre-bid agreements on 14.9% of Riversdale's shares, including with a number of its directors.
'The acquisition of Riversdale is in line with our growth strategy of investing in, developing and operating large long-term cost-competitive mines and businesses,' said Rio Tinto energy chief Doug Ritchie.
Riversdale has three coal mining projects in Africa, including major operations in Mozambique. Ritchie said the bid underscored Rio's commitment to the continent, including Guinea's massive Simandou iron ore field.
Riversdale said its directors recommended the deal, which is valued at a 46% premium to the value of its shares before speculation on a tie-up with Rio started, 'in the absence of a superior proposal'.
India's Tata Steel owns 24% of Riversdale and is rumoured to be considering a rival bid, along with Brazil's Vale, which has already made significant investment of its own in Mozambique.
India is the primary target market for Riversdale's coking coal, used in steel-making, and the country's steel ministry has reportedly asked a consortium of five state-run companies to moot a bid for the Australian miner.
Source: RTE News
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Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
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- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
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