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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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Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role.
The National reported that, Dubai's utility company wil ...
Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...
Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...
Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...
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- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- PTC India Limited - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
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