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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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Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
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- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- The University of Queensland
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
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