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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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Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
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- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Independent Power Producers Association of India
- MS Steel International - UAE
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
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