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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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Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
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- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
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