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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, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
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- Economic Council, Georgia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Planning Commission, India
- MS Steel International - UAE
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
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