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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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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
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- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
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