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Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
 STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks to expand its capacity to supply fuel to a fast-growing Asian market.
The hostile bid follows an earlier offer from St. Louis-based Peabody that was likewise turned down by Macarthur's board.
"Peabody's proposal is highly conditional and does not fully value Macarthur and its significant growth prospects," Macarthur Chairman Keith DeLacy said Wednesday in a statement.
Peabody, the world's largest private-sector coal company, has rapidly expanded operations in Australia since buying its first mine there six years ago. Last year, the company said it plans to double coal exports from the country by 2014.
The company on Wednesday said it is "disappointed" with the initial rejection and believes Macarthur's assets and growth prospects are a good fit with its existing Australian operations.
Brisbane-based Macarthur produced about 4.6 million tons of so-called metallurgical coal last year from two Queensland mines and is in the midst of an expansion. The company, which owns 145 million tons of reserves, supplies coal to steel mills in Asia, Europe and Brazil.
Peabody's offer values Macarthur at about $680 per ton of production and $21 per ton of reserves, according to Jefferies & Co. analyst Michael Dudas.
"We believe the initial bid is the first step in a long, complex negotiating process involving numerous players in the coal and steel industry," Dudas said in a research note.
Peabody said it is currently in discussions with Macarthur's three largest shareholders, who collectively own 47 percent of the company.
Peabody said its offer is conditional on Macarthur calling off an earlier agreement to purchase rival Gloucester Coal Ltd., which is 88-percent owned by Asian commodities firm Noble Group Ltd.
Macarthur is holding a meeting on April 12 for shareholders to vote on whether to issue shares to complete the Gloucester deal.
Peabody said its bid is 34 percent higher than the price of Macarthur shares to be issued to Noble as part of the Gloucester agreement. It is also higher than a February valuation by an independent expert hired by Macarthur, Peabody said.
Source: ST. LOUIS POST-DISPATCH (By: BY Jeffrey Tomich)
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Tuesday, 27 April 10
S.KOREA EWP SEEKS 0.520 MILLION TONS OF SUB-BITUMINOUS COAL
COALspot.com: South Korea East West Power Company has called for term bids for supply of Sub-bituminous Coal for Dangjin Thermal Power Pla ...
Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
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- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
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- Ministry of Mines - Canada
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- Lanco Infratech Ltd - India
- The Treasury - Australian Government
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- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
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- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
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- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
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- Planning Commission, India
- New Zealand Coal & Carbon
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- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
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- Global Business Power Corporation, Philippines
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- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
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- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Australian Coal Association
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
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