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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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Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...
Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvi ...
Monday, 31 January 11
S. SUMATRA COAL RAILWAY TO BE COMPLETED ON SCHEDULE - THE JAKARTA POST
The Jakarta Post reported that, despite land acquisition problems, state coal mining company PT Bukit Asam is upbeat that the development of a railw ...
Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million ...
Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points.
In May 2010 the BDI touched 4,209 ...
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- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- White Energy Company Limited
- The University of Queensland
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
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