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Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands Richfield Ltd, above an earlier offer from Jindal Steel & Power.
Essar on Sunday offered Rocklands A$0.50 per share, trumping a A$0.42 per share bid launched by Jindal in September, coke producer and coal explorer Rocklands said in a statement on Wednesday.
The takeover tussle comes as Indian steel mills ramp up their search for raw material overseas in a bid to feed voracious domestic demand for steel.
Australia is the world's largest coal exporter and has vast resources of quality coking coal, used in steel making.
Indian power companies have also in recent months expressed an interest in buying Australia's coal assets, as forecasts of India's huge growth in power consumption have also sparked concerns of a spike in coal prices over the next few years.
Perth-based Rocklands, which had previously agreed to Jindal's deal, said it would hold a board meeting to consider the merits of the competing proposals.
Shares in Rocklands, closed 17.14 percent higher at A$0.41, outperforming the broader Australian market that settled up 2.3 percent.
The current annual trade in seaborne coking coal is about 250 million tonnes, of which about 130 million tonnes comes from Australian mines operated by companies such as BHP Billiton, Xstrata Plc and Peabody Energy Corp. India consumes about 59 million tonnes.
Source: Reuters
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Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
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- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- The University of Queensland
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
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