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The seaborne premium hard coking coal price jumped on Wednesday October 26 following the emergence of higher bid prices amid tight spot supply and the threat of further supply reduction due to possible industrial action in Australia, market sources said. [ABSTRACT FROM AUTHOR]

Seaborne coking coal prices in the fob Australia market jumped on Tuesday October 18 amid higher bid and trade prices following the news of a possible strike by coal miners at BMA in Australia and market chatter that supply in the spot market was relatively tight, sources said. [ABSTRACT FROM AUTHOR]

Seaborne coking coal prices in the cfr China market edged up on Friday August 28 on an improved market outlook, while premium hard coking coal prices in the fob Australia market decreased sharply following the latest trade and the emergence of lower bid prices. [ABSTRACT FROM AUTHOR]

Seaborne premium hard coking coal prices in the cfr China and fob Australia markets fluctuated on Thursday August 25, with some participants expressing bearishness about the Chinese domestic coking coal price and lower bid prices in the fob Australia market. [ABSTRACT FROM AUTHOR]

Seaborne coking coal prices increased on Wednesday January 19 on higher bid prices for premium hard coking coal in the fob Australia market, while BHP lowered its coking coal production guidance for 2022. [ABSTRACT FROM AUTHOR]

Seaborne coking coal prices rose across the board on Tuesday January 11, and an increased bid price in the fob Australia market led to a price jump, sources said. [ABSTRACT FROM AUTHOR]

The article reports that the private placement business continues to look up in Australia. Citigroup Inc. circled an upsized $400 million private placement last week for Orica Ltd., the largest chemical company in Australia and New Zealand. The deal, upsized from an initial $250 million, received more than Australian $l billion (U.S. $772 million) in bids, which resulted in tighter margins than anticipated, several industry sources said. The deal for the Australian publicly listed firm featured mixed currencies.

The article reports on the bid offer of South African miner Exxaro Resources for Territory Resources, an Australian iron ore miner that ships 1.6 million tons per year of iron ore to China and holds a life-of-mine supply agreement with Noble Group, in May 2011. Other bidders include Australian metal trader DCM Deco Metal. According to Exxaro chief executive officer Sipho Niksi, this offers a better opportunity for the company to leverage its bulk commodity and iron ore beneficiation expertise.

The article reports on the bid offer of Telecom New Zealand to purchase PowerTel in Australia. Stocks of PowerTel has increased with an anticipation of a takeover and closed below the share bid of Telecom. The bid proposal will be sent to PowerTel shareholders in March 2007. Citigroup is the adviser of Telecom on the acquisition and Macquarie Bank is the adviser of PowerTel.

The article looks at the efforts of SABMiller PLC (SAB) to persuade Foster in accepting its bid proposal which involves the acquisition of Foster Group Ltd. in an attempt to enter the Australian market. It notes that SAB is considering several adjustments including the increase of its bid. SAB chief executive officer Graham Mackay promises to engage further to win over the acquisition deal with Foster, and to make Foster understand SAB's view of value.

The article focuses on the move by the Danish engineering group FLSmidth A/S to acquire Ludowici Ltd. for its expansion in Australia. It says that FLSmidth is aimed at strengthening its position in major minerals processing segment specifically coal, copper, and iron ore markets. It mentions that the company bids 7.20 dollars price offering to Ludowici. Moreover, the company is looking for expansion in the mining industry to capitalise on a strong global demand for key metals and minerals.

A member of the expert panel that evaluated bids in the abandoned National Broadband Network (NBN) request for proposal (RFP) process has hit-back at an auditor-generals report. [ABSTRACT FROM AUTHOR]

The article offers some insights into private equity bids for Qantas and APN in Australia citing issues related to institutional activism and return for shareholders. Both companies have initially rejected bids but in the end have benefited by experiencing an increase in their stock price. Issues related to cash bids, the credit crisis and global recession are cited.

The article reports that Regulator the Australian Competition and Consumer Commission (ACCC) is calling for submissions on rival bids for the Borders Group's assets in the region after A&R Whitcoulls, which owns several book chains in Australia, formerly applied to the ACCC for clearance to acquire the U.S. company's Australian and New Zealand operations.

Reports on the impact of corporate takeovers on Australian Stock Exchange (ASX) and business enterprises in Australia. Deterioration of market abuse; Increase in share price compared with the bid price which put pressure on the acquirer to raise the bid; Requests received by the ASX from several industries to halt trading on such transaction.

Australia's largest corporate merger, New South Wales based Saint George Bank's agreed bid for Advance Bank, may herald a wave of consolidation in Australian banking, drawing in international as well as local participants. The A$2.65 billion, deal is the latest and largest in a series of mergers and acquisitions Australian regulators have supported to ensure the big four national banks, National Australia Bank (NAB), Commonwealth Bank of Australia (CBA), Westpac Bank and ANZ Bank, face adequate competition in each state. The new Saint George Bank will be the largest regional bank. It will have a bigger share of deposits in South Australia, 25% and its nearest rival, CBA with 18.3%. In New South Wales, it will rank third with 17%, after Westpac, 18.9% and CBA 18.2%. Overall, it will rank as the country's fifth-largest bank, with A$43 billion of assets, compared to ANZ, smallest of the four national banks with A$71 billion. NAB, the largest, has A$92 billion of assets. The management target for the new bank is to take out A$140 million of the combined costs before tax, with 80% of that to be realized in two years.

First-time borrower KPN made the unusual choice of Goldman Sachs & Co., not recognized as a top arranger of syndicated loans for European corporations, to lead the jumbo Fl 2.25 billion takeover financing to support its agreed acquisition of Australia-based TNT. KPN's decision to award a sole mandate to the U.S. investment bank would by itself have caused commercial bankers' emotions to run high. But by also opting for Goldman's innovative Dutch auction technique, the borrower caused more of a stir than it could possibly have expected. It quickly aroused an unprecedented show of commercial bank solidarity and intense irritation. The proposal Goldman originally put to the market, defended with vigour by KPN treasury officials at a meeting, asked 10 banks to bid on price for underwriting commitments of Fl320 million each on the loan. The sixth most competitive bid would price the deal. That would be enough to subscribe the loan, assuming Goldman also kept an underwriting of Fl320 million. The four widest bidders would be left to consider joining a later sell-down in junior roles. Goldman Sachs itself had fully underwritten the loan, but was not prepared to tell the market at what level it had done so.