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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, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...
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- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- The University of Queensland
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
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