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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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Tuesday, 04 January 11
BALI, INDONESIA HOST OF WORLD RENEWABLE ENERGY AND ENERGY EFFICIENCY CONFERENCE
Press Release - Indonesian Renewable Energy Society (METI – IRES) has launched the plan for organizing the international gathering ...
Tuesday, 04 January 11
DRY BULK MARKET TO RANGE BETWEEN 1,700 AND 2,600 POINTS IN THE FIRST QUARTER OF 2011, ANALYSTS SAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bul ...
Monday, 03 January 11
TAXATION FOR COAL MINING COMPANIES IN INDONESIA - A TAX EXPERTS VIEW
COALspot.com - Mrs. Sri Wahyuni Sujono, managing partner of SF Consulting has wrote an exclusive report regarding taxation for coal mining companies ...
Sunday, 02 January 11
JAISWAL TO SEEK COAL MINES IN AFRICA - HINDUSTAN TIMES
Coal Minister Sriprakash Jaiswal will talk with his counterparts in South Africa and Mozambique during his visit from January 5 to secure coal asset ...
Saturday, 01 January 11
COAL PRODUCTION EXPECTED TO EXCEED 340 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce 340 million tons of coal in 2011, an increase of 23 percent from 275 millio ...
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- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
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