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