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Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
 Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when looking to acquire assets, says multidisciplinary advisory service firm Ernst & Young (E&Y).
Ernst & Young director of transaction advisory services for Africa Adrian Macartney said at a media briefing on Tuesday that acquisitions had become more strategic, with companies considering the implications of an acquisition, rather than just the possible tonnage that could be added.
“We are seeing companies taking a far more strategic approach to acquisitions in terms of what they are going to buy, and a far more detailed look at what it is they are buying.”
Macartney added that companies were also looking to understand the parameters of a project, as running over budget and ramping up the project behind schedule, was no longer an option.
“Companies are going back to looking at the parameters of a project, deciding if it makes sense, and they are spending a little more time, and putting a little more caution into understanding the project and what makes it viable.”
Companies were also looking to bring the projects to market much earlier than their previous design strategy, ramping up a three-year project over two years, or even 18-months.
“Brining a project online quicker combats two things; one is that you reduce the time in which your engineers can spend money, and two, it brings in much needed inbound cash flows.”
Macartney noted that the recently completed Ernst & Young Lessons From Change survey, indicated that around 46% of the global mining companies taking part in the survey, indicated that they would be looking to acquire assets over the next 12 months, while around 21% of companies surveyed indicated that they were looking to divest noncore assets.
He noted that the most significant reason for these divestments would be cash generation and restructuring of the company.
E&Y director of assurance Mike Herbst noted that although several companies would look to divest of their least-producing assets, miners would also have to consider selling off their more profitable assets in order to generate sufficient funds to provide capital for their other projects.
“It is not necessarily about selling your worst asset. I think that is what a lot of people often go to first is to sell their dog assets, and keep the big ones. But sometimes it is about selling one of your good assets because it will give you a good price, because what you are after is funding for your other priority assets. So it is all about selling one of your jewels to sustain your future.”
Macartney noted that the decision to divest of a certain asset could also be influenced by the company’s unwillingness to be involved in a certain geographic area, or commodities market.
He added, however, that some of the assets on the market were still over priced, and asset owners needed to come to grips with the fact that their assets would not be worth the demand price, considering the current market conditions.
Despite the increase in acquisitions, E&Y stated in its survey that few of these acquisitions would be game-changers, and the company expected to see diminished opportunities for transformational mega-deals.
However, smaller, low-risk deals were still taking place. From January to July this year, there has been 399 deals in the mining and metals sector, of which 373 were valued at less than $200-million, with an average value of $51-million.
This compared with the 903 deals, with an average value of $138-million in 2008, and 919 deals with an average value of $233-million in 2007, for the same period.
Source: Mining Weekly
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Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
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- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
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