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Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
 Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175.4 million) as it seeks greater control over raw materials.
The board of Brazil’s third-largest steelmaker approved an initial purchase of 28.8 million Riversdale shares, and CSN aims to buy an additional 2.48 million shares following Australian regulatory approval, the company said today in a statement. Rio de Janeiro-based CSN will pay A$6.10 for each share, 6.6 percent more than today’s closing price in Australian trading.
CSN said the acquisition is the “first step” toward becoming self-sufficient in coal as it seeks to control costs. CSN, which has the capacity to produce 5.6 million metric tons of crude steel a year, imports all its coal now. Metallurgical coal is used as a raw material in blast furnaces at CSN’s Volta Redonda crude-steel mill in Brazil.
“Coal is the only raw material CSN doesn’t have,” Flavia Ferreira, a company spokeswoman in Sao Paulo, said today in a telephone interview.
CSN initially wants to get metallurgical coal from Riversdale and possibly thermal coal for its power plants, Ferreira said.
CSN’s Strategy
The acquisition reinforces CSN’s strategy to supply its own raw materials and services “with stakes in iron ore, logistics, tin mining and now coal,” Ida Breyer, a Credit Suisse AG analyst in Sao Paulo, said in a note to clients.
Tata Steel Ltd., India’s biggest steelmaker, owns about 19 percent of Sydney-based Riversdale. Other shareholders include Oppenheimer Funds and Barclays Capital, according to Bloomberg data. Tata said Oct. 30 it was seeking thermal coal from Riversdale’s Mozambique mine for its power unit.
Benga, a project between Riversdale and Tata in Mozambique, will produce about 1.7 million tons of metallurgical coal and 300,000 tons of thermal coal starting in 2010, Riversdale said Oct. 28 in a statement to the Australian stock exchange. The mine may be expanded to 3.3 million tons of metallurgical coal and 2 million tons of thermal coal by 2014, Riversdale said.
CSN fell 0.8 percent to 59.37 reais in Sao Paulo trading today. The stock has more than doubled this year, more than the 79 percent gain for Brazil’s benchmark Bovespa index.
Source: Bloomberg
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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
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- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Planning Commission, India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
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