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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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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
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- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- White Energy Company Limited
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
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