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Thursday, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
 COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation Limited for US$616.7 million (Sale consideration is AU$865 million converted into US$616.7 million at the spot rate of 0.713).
According Rio’s press release, Rio Tinto has now announced or completed US$4.7 billion (Amount is before finalization of net debt and working capital adjustments) of divestments since January 2013.
A change to the ownership structure of Coal & Allied completed on 3 February 2016 helped enable this transaction. Rio Tinto as a 100 per cent owner of Coal & Allied:
- receives all consideration associated with the sale of Rio Tinto’s interest in the Bengalla Joint Venture;
- holds a 67.6 per cent interest with management rights in the Hunter Valley Operations mine;
- holds interests of 80 per cent and 55.6 per cent respectively, with management rights, in the integrated Mount Thorley and Warkworth operations; and
- currently holds 100 per cent interest in the Mount Pleasant project. On 27 January Rio Tinto announced it had reached a binding agreement for the sale of Mount Pleasant to MACH Energy Australia for US$224 million plus royalties. The sale is expected to close in the second half of 2016.
Mitsubishi Development has moved from holding a 20 per cent stake in Coal & Allied to holding a direct 32.4 per cent stake in the Hunter Valley Operations mine.
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Monday, 28 March 16
THE SUPRAMAX INDEX WAS UP TWENTY-FOUR POINTS TO 473 POINTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 25 March 16
DRY BULK SHIPPING FLEET WILL GROW BY 1.3% DURING 2016 - BIMCO | HELLENIC SHIPPING NEWS
The dry bulk market will keep on suffering, at least until the start of 2017 and possibly well after that, should the current balance of supply and ...
Friday, 25 March 16
U.S COAL PRODUCTION DECLINED 9.1% W/W - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million shor ...
Thursday, 24 March 16
PERSISTENT OVERCAPACITY TO PROLONG CHINA'S COAL SECTOR DOWNTURN - FITCH
China's coal sector is likely to remain under pressure in the short to medium term as structural weaknesses in demand and overcapacity persist, ...
Thursday, 24 March 16
SEABORNE TRADE: CHECKING UP ON THE TRENDS - CLARKSON RESEARCH
Following a decline in 2009, seaborne trade grew on average by 4.9% p.a. in 2010-13, reflecting booming import demand in a number of key importing ...
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- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Indika Energy - Indonesia
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