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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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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 ...
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- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- The University of Queensland
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
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