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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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Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- PTC India Limited - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
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