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Thursday, 31 July 14
RIO TINTO SELLS MOZAMBIQUE COAL ASSETS FOR US$ 50 MILLION TO INDIA'S ICVL
COALspot.com: Rio Tinto has agreed to sell its Mozambique coal assets for just US$ 50 million to International coal ventures Private limited of India.
International Coal Ventures Private Limited has been set up in 2009 as a Joint Venture Company in India with SAIL, CIL, RINL, NMDC and NTPC as the promoter companies for securing metallurgical coal and thermal coal assets in overseas territories.
According to Reuters, Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to ICVL, ending its ill-fated venture in Mozambique's coal sector.
The sale of Rio Tinto Coal Mozambique to ICVL, includes the Benga coal mine and other projects in Tete province, assets that had a value of $71 million as of March 31 in Rio's books, Reuters further reported.
In 2013, Rio Tinto sacked its chief executive and other executives directly involved in the acquisition of Riversdale and wrote off about $3.5 billion of the purchase price, partly owing to a failure to secure a permit to move coal by barge down Mozambique's Zambezi River, as per Reuters.
According to Sunday morning herald of Australia, “ Rio Tinto has washed its hands of its disastrous $3.9 billion Riversdale Mining acquisition, by announcing a sale of its Mozambique coal assets for just $US50 million ($53 million)”.
Rio Tinto said the sale to ICVL is subject to certain conditions and regulatory approvals and is expected to be completed in the third quarter this year, as per Reuters.
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Monday, 28 July 14
S. KOREA'S KOSPO SEEKS 148K T OF 4700 NAR COAL
COALspot.com: Korea Southern Power Co Ltd (KOSPO) is seeking 148,000 tonnes of 4,700 kcal/kg NCV steaming coal for shipment between October to Nove ...
Monday, 28 July 14
CFR SOUTH CHINA COAL SWAP SLIGHTLY UP WEEK ON WEEK
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. The swap for Q3, Q4 and Q1 2015 showing slight improvement ...
Sunday, 27 July 14
RAMADAN HOLIDAYS IN INDONESIA PUTTING PRESSURE ON CHARTER RATES FROM INDONESIA - VISTAAR INDIA
COALspot.com: The freight rates were almost steady as very slight improvement in BDI by about 1 pct. The BDI was at 739 points after improvin ...
Saturday, 26 July 14
COAL MINING COMPANIES CLOSED TEMPORARILY - THE JAKARTA POST
The Sarolangun regency administration in Jambi has suspended the operations of 10 coal mining companies in line with a circular issued by Regent Ce ...
Friday, 25 July 14
U.S WEEKLY COAL PRODUCTION UP AROUND 3.5% WEEK ENDED JULY 19
COALspot.com – United States the world's second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...
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- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
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