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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, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- The Treasury - Australian Government
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
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