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Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
 Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
The company, which is already the world's largest producer of low volatile pulverised injection coal, is seeking to boost production and widen its offering to take advantage of strong Asian demand for steelmaking and steam coal.
Macarthur will offer 0,84 of its own shares or A$8 a share for each Gloucester share in two separate offers, the firm said on Tuesday. The share portion is worth A$8,16 apiece based on Macarthur's closing price on Monday.
Noble Group, which is Gloucester's biggest shareholder, with 87,7%, has indicated it will support the proposal.
Further, Gloucester's independent directors said that, in the absence of a better proposal, and subject to an independent report on the fairness of the offer, they will unanimously recommend Macarthur's bid for the company.
Macarthur also said that it is in talks with Noble to buy its interest in the Middlemount mine joint venture, in central Queensland, and for a majority stake (likely 79,9%) in Donaldson Coal, which has operations in the Hunter Valley.
Noble currently owns 25,34 of Middlemount and Macarthur holds the balance.
Altogether, if the Middlemount and Donaldson transactions are completed, Macarthur will pay Noble A$175-million and 22,5-million of its shares.
Macarthur said the deals being proposed would make it Australia's leading independent coal producer, with a market capitalisation of about A$3,4-billion.
The company would have six operating mines in two states, shipping through two coal terminals.
“The proposed transactions will create a great Australian coal company,” said Macarthur chairperson Keith DeLacy.
“Gloucester and Macarthur shareholders will have exposure to high-quality producing coal miners in three separate coal basins, with strong growth potential.”
Noble, which is part owned by China Investment Corporation, said that it will take shares in Macarthur rather than cash if it accepts the Gloucester offer.
If all the transactions are completed, it will hold 23% of the merged company.
“The combination of these highly complementary assets will provide Noble with exposure to what will be the largest independent coal producer in Australia, a critical supplier to the Asian growth markets,” said Noble CEO Richard Elman.
The company acquired its majority stake in Gloucester in May this year for A$7 a share.
Source: Mining Weekly / Liezel Hill
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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
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- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- The University of Queensland
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
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