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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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Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
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- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Parliament of New Zealand
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- PTC India Limited - India
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
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