We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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, Australia approved Chinese firm Yanzhou Coal Mining Co's $2.9 billion takeover of coal-miner Felix Resources Ltd on Friday, but said the local firm's assets must be run by an Australia-based company.
The deal is also conditional on listing the local unit on the Australian market and trimming Yanzhou's holding, but it does not change Australia's declared bias against takeovers of greenfield resource projects or major mining companies.
"I won't say this is a dramatic shift in government policy," said Ian Ramsay, a law professor of University of Melbourne.
"We are seeing government policy evolve in relation to foreign investment decisions and that is certainly the case in relation to investments by Chinese companies in Australian resources sector."
Chinese state-owned companies have been looking to buy up Australian mining assets to secure supplies of raw materials for its rapidly growing economy, the world's third largest.
But bilateral ties have been strained by Canberra's opaque and sometimes lengthy process for vetting foreign investments, with some high-profile deals falling through before a decision is reached or after strict conditions have been imposed.
"The government is looking for an acceptable middle ground. This does send a pretty positive message and I say this because these are not unduly onerous undertakings," Ramsay said.
LOCAL LISTING, EXECUTIVES
The Australian government has stipulated that Yanzhou Coal must list the local unit on the Australian stock market by 2012 and cut its ownership to less than 70 percent, Assistant Treasurer Nick Sherry said in a statement.
Sherry said Yanzhou had already accepted these conditions, as well as promised to base the local unit's chief executive and chief financial officer in Australia.
Yanzhou further agreed to market coal produced at all of its Australian mines "on arms-length terms with reference to international benchmarks and in line with market practices."
Felix, which has mines in Queensland and New South Wales states, produced 4.8 million tonnes of coal in the year to June. Analysts expect the deal to boost Yanzhou's output by about 10 percent.
"With these undertakings provided by Yanzhou, I consider that this acquisition is consistent with Australia's national interest," Sherry added.
In March, Canberra rejected Chinese state-owned firm Minmetals' $2.26 billion bid for all of local miner OZ Minerals on national security grounds.
Other mooted deals have also been derailed.
Anglo-Australian miner Rio Tinto walked away from a $19.5 billion tie-up with state-owned Chinese metals firm Chinalco after several delays to the Australian approval process.
And last month, China Nonferrous Metal Mining (Group) Co Ltd dropped its bid for Australian rare-earths company Lynas Corp, citing stiff conditions imposed by Australia.
But that has not deterred China from pursuing more acquisitions. Australia's Foreign Investment Review Board has been flooded with applications, including Chinese state-owned Sinochem's bid for farm chemicals group Nufarm Ltd and Baosteel's plan to buy 15 percent of iron ore explorer Aquila Resources.
Last month, FIRB general manager Patrick Colmer said the board wanted to limit foreign investments in start-up projects to less than 50 percent and in major mining firms to 15 percent.
Source: Reuters
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
|
|
|
Showing 6236 to 6240 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- McConnell Dowell - Australia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Minerals Council of Australia
- PTC India Limited - India
- The University of Queensland
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
|
| |
| |
|
