We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 11 March 16
FORTESCUE'S MOU WITH VALE COULD STRENGTHEN ITS BUSINESS PROFILE - FITCH
 COALspot.com: Fitch Ratings says that Australia-based Fortescue Metals Group Limited's (BB+/Negative) memorandum of understanding (MOU) with Brazil's Vale S.A. (BBB/Negative) could strengthen its business profile.
Fortescue on 8 March 2016 said it has entered into a non-binding MOU with Vale. The agreement proposes the formation of one or more joint ventures (JVs) for the blending of selected volumes of iron ore from both companies. It also provides a framework for the potential investment by Vale in Fortescue through an acquisition of a minority equity stake on the market and / or investment in current or future mining assets.
Fortescue should benefit from stronger earnings if the proposed JVs with Vale are established, as the company says it could result in up to 30% of its annual output being blended with Vale's high-grade ore, creating a premium product to be sold in China. Fortescue expects JV operations to start as soon as in six months, provided that the MOU receives the requisite approvals from the boards of both companies and regulatory bodies.
Fitch expects Vale could also benefit from this agreement because Fortescue's ores, although lower in grade, have low impurities and strong sintering capabilities. The blend is likely to have stronger demand than if the individual ores are sold separately. The blend should also benefit from Fortescue's lower cost of producing and delivering iron ore into China. However the overall benefit to Vale's larger earnings base is likely to be lower than for Fortescue.
Fortescue's lower production and delivery costs for China are due to significant improvements in its C1 cash production costs over the last 24 months, as well as lower shipping costs because Fortescue is located closer to China - the main market for both companies. However some of Fortescue's cost advantage is offset by the higher quality of Vale's ores, which have a higher grade and lower moisture content, and Vale's sale of value-added products, such as iron ore pellets, which fetch premium prices.
Fitch estimates that at end-December 2015, Fortescue delivered iron ore to China at a cost of USD30/ton after adjusting for moisture and iron ore grade, but before accounting for interest costs and capex. Vale's comparable cost is around USD32/ton. However the gap widens in favour of Fortescue if interest costs and capex are included.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 28 March 16
THE SUPRAMAX INDEX WAS UP TWENTY-FOUR POINTS TO 473 POINTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 25 March 16
DRY BULK SHIPPING FLEET WILL GROW BY 1.3% DURING 2016 - BIMCO | HELLENIC SHIPPING NEWS
The dry bulk market will keep on suffering, at least until the start of 2017 and possibly well after that, should the current balance of supply and ...
Friday, 25 March 16
U.S COAL PRODUCTION DECLINED 9.1% W/W - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million shor ...
Thursday, 24 March 16
PERSISTENT OVERCAPACITY TO PROLONG CHINA'S COAL SECTOR DOWNTURN - FITCH
China's coal sector is likely to remain under pressure in the short to medium term as structural weaknesses in demand and overcapacity persist, ...
Thursday, 24 March 16
SEABORNE TRADE: CHECKING UP ON THE TRENDS - CLARKSON RESEARCH
Following a decline in 2009, seaborne trade grew on average by 4.9% p.a. in 2010-13, reflecting booming import demand in a number of key importing ...
|
|
|
Showing 2506 to 2510 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
|
| |
| |
|
