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Thursday, 31 July 14
RIO TINTO SELLS MOZAMBIQUE COAL ASSETS FOR US$ 50 MILLION TO INDIA'S ICVL
COALspot.com: Rio Tinto has agreed to sell its Mozambique coal assets for just US$ 50 million to International coal ventures Private limited of India.
International Coal Ventures Private Limited has been set up in 2009 as a Joint Venture Company in India with SAIL, CIL, RINL, NMDC and NTPC as the promoter companies for securing metallurgical coal and thermal coal assets in overseas territories.
According to Reuters, Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to ICVL, ending its ill-fated venture in Mozambique's coal sector.
The sale of Rio Tinto Coal Mozambique to ICVL, includes the Benga coal mine and other projects in Tete province, assets that had a value of $71 million as of March 31 in Rio's books, Reuters further reported.
In 2013, Rio Tinto sacked its chief executive and other executives directly involved in the acquisition of Riversdale and wrote off about $3.5 billion of the purchase price, partly owing to a failure to secure a permit to move coal by barge down Mozambique's Zambezi River, as per Reuters.
According to Sunday morning herald of Australia, “ Rio Tinto has washed its hands of its disastrous $3.9 billion Riversdale Mining acquisition, by announcing a sale of its Mozambique coal assets for just $US50 million ($53 million)”.
Rio Tinto said the sale to ICVL is subject to certain conditions and regulatory approvals and is expected to be completed in the third quarter this year, as per Reuters.
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Wednesday, 30 July 14
CAPES SEEMED TO BE STRANDED AT THE SAME LEVELS; PANAMAXES MANAGED TO SLIGHTLY REVIVE - INTERMODAL
COALspot.com: The Dry Bulk market took a breath this past week, as both Panamaxes and Supras started to see a small influx of activity, which was j ...
Tuesday, 29 July 14
TOTAL SELLS ITS SOUTH AFRICAN COAL MINING ASSETS TO EXXARO
Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affili ...
Tuesday, 29 July 14
GENCO: DRY BULK SHIPPING VALUATIONS NO LONGER ANCHORED TO DISCOUNTED CASH FLOW METHOD - WEIL
KNOWLEDGE TO ELEVATE
Discounted cash flow analysis is a mainstay among the valuation methodologies used by restructuring professionals and bank ...
Tuesday, 29 July 14
SHIP OWNERS' DEMAND OF NEW VESSELS DENTED AS A RESULT OF LOWER FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The sharp downward direction of dry bulk freight rates has had a negative impact on investors’ secondhand buying appetite that wait to see th ...
Monday, 28 July 14
Q3' 14, SUB-BIT FOB INDONESIA COAL SWAP GAINED $ 0.08 DAY ON DAY AND $ 0.68 WEEK ON WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 increased by just US$ 0.08 day on day and US$ 0.68 week on week. The swap was lost U ...
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- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Planning Commission, India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
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