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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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Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
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- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Parliament of New Zealand
- MS Steel International - UAE
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
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- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
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