We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
|
|
|
Showing 5891 to 5895 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- PTC India Limited - India
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Deloitte Consulting - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
|
| |
| |
|
