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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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Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
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- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
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