We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
 Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175.4 million) as it seeks greater control over raw materials.
The board of Brazil’s third-largest steelmaker approved an initial purchase of 28.8 million Riversdale shares, and CSN aims to buy an additional 2.48 million shares following Australian regulatory approval, the company said today in a statement. Rio de Janeiro-based CSN will pay A$6.10 for each share, 6.6 percent more than today’s closing price in Australian trading.
CSN said the acquisition is the “first step” toward becoming self-sufficient in coal as it seeks to control costs. CSN, which has the capacity to produce 5.6 million metric tons of crude steel a year, imports all its coal now. Metallurgical coal is used as a raw material in blast furnaces at CSN’s Volta Redonda crude-steel mill in Brazil.
“Coal is the only raw material CSN doesn’t have,” Flavia Ferreira, a company spokeswoman in Sao Paulo, said today in a telephone interview.
CSN initially wants to get metallurgical coal from Riversdale and possibly thermal coal for its power plants, Ferreira said.
CSN’s Strategy
The acquisition reinforces CSN’s strategy to supply its own raw materials and services “with stakes in iron ore, logistics, tin mining and now coal,” Ida Breyer, a Credit Suisse AG analyst in Sao Paulo, said in a note to clients.
Tata Steel Ltd., India’s biggest steelmaker, owns about 19 percent of Sydney-based Riversdale. Other shareholders include Oppenheimer Funds and Barclays Capital, according to Bloomberg data. Tata said Oct. 30 it was seeking thermal coal from Riversdale’s Mozambique mine for its power unit.
Benga, a project between Riversdale and Tata in Mozambique, will produce about 1.7 million tons of metallurgical coal and 300,000 tons of thermal coal starting in 2010, Riversdale said Oct. 28 in a statement to the Australian stock exchange. The mine may be expanded to 3.3 million tons of metallurgical coal and 2 million tons of thermal coal by 2014, Riversdale said.
CSN fell 0.8 percent to 59.37 reais in Sao Paulo trading today. The stock has more than doubled this year, more than the 79 percent gain for Brazil’s benchmark Bovespa index.
Source: Bloomberg
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
|
|
|
Showing 6226 to 6230 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- PTC India Limited - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- The University of Queensland
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
|
| |
| |
|
