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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, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
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- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- The University of Queensland
- Minerals Council of Australia
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