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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.
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Thursday, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation ...
Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to t ...
Wednesday, 02 March 16
OIL MY GOD.....!!!!
OIL my GOD….!!!!
The oil price “crash” that started in 2014 was caused by a glut of practically unwanted oil. Producers had be ...
Tuesday, 01 March 16
CS 42 (4200 GAR) COAL INDEX CLOSED AT US$ 27.11 A TON ON 26 FEBRUARY
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.31 percent week over week to averaging $38.77 per ton on this past Friday, ...
Tuesday, 01 March 16
CAN BULKCARRIER SUPPLY CUTS RESTORE SOME BALANCE? - CLARKSONS
The easing in bulkcarrier deliveries and the accelerated pace of demolition in recent years has seen bulkcarrier fleet growth slow from a rapid 17% ...
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Showing 2541 to 2545 news of total 6871 |
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- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- The University of Queensland
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
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