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Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale in its first big attempt at a deal since a failed iron ore merger with rival BHP Billiton.
Rio called the all-cash, $16 per share offer 'attractive' and said it already had pre-bid agreements on 14.9% of Riversdale's shares, including with a number of its directors.
'The acquisition of Riversdale is in line with our growth strategy of investing in, developing and operating large long-term cost-competitive mines and businesses,' said Rio Tinto energy chief Doug Ritchie.
Riversdale has three coal mining projects in Africa, including major operations in Mozambique. Ritchie said the bid underscored Rio's commitment to the continent, including Guinea's massive Simandou iron ore field.
Riversdale said its directors recommended the deal, which is valued at a 46% premium to the value of its shares before speculation on a tie-up with Rio started, 'in the absence of a superior proposal'.
India's Tata Steel owns 24% of Riversdale and is rumoured to be considering a rival bid, along with Brazil's Vale, which has already made significant investment of its own in Mozambique.
India is the primary target market for Riversdale's coking coal, used in steel-making, and the country's steel ministry has reportedly asked a consortium of five state-run companies to moot a bid for the Australian miner.
Source: RTE News
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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
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- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- White Energy Company Limited
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
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