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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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Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
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- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- VISA Power Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Australian Coal Association
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
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