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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, $16 per share offer 'attractive' and said it already had pre-bid agreements on 14.9% of Riversdale's shares, including with a number of its directors.
'The acquisition of Riversdale is in line with our growth strategy of investing in, developing and operating large long-term cost-competitive mines and businesses,' said Rio Tinto energy chief Doug Ritchie.
Riversdale has three coal mining projects in Africa, including major operations in Mozambique. Ritchie said the bid underscored Rio's commitment to the continent, including Guinea's massive Simandou iron ore field.
Riversdale said its directors recommended the deal, which is valued at a 46% premium to the value of its shares before speculation on a tie-up with Rio started, 'in the absence of a superior proposal'.
India's Tata Steel owns 24% of Riversdale and is rumoured to be considering a rival bid, along with Brazil's Vale, which has already made significant investment of its own in Mozambique.
India is the primary target market for Riversdale's coking coal, used in steel-making, and the country's steel ministry has reportedly asked a consortium of five state-run companies to moot a bid for the Australian miner.
Source: RTE News
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Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
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- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- The University of Queensland
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
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