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Monday, 12 October 09
SHANDUKA BUYS SACMH RICHARDS BAY COAL ALLOCATION
* Shanduka Coal takes SACMH 500,000T export space
* RBCT must approve any change of ownership
Reuters reported that, South Africa's Shanduka Coal has bought 500,000 tonnes of export capacity at Richards Bay Coal Terminal from South African Coal Mining Holdings Ltd (SACMH), a source close to the deal said.
The source would not disclose the price for the deal but trading companies and miners who have sought to buy export allocations during the past several months have been quoted prices of $20.00 per tonne.
"If you take a view that in the medium to long-term export prices for South African coal are going to go up, it makes sense to buy allocation," the source said.
SACHM was not available for comment.
Under the RBCT rules the sale of allocation must get approval from the RBCT board, made up of representatives of its shareholders among the major mining houses.
Even if an agreement to sell allocation has been made, RBCT shareholders must agree unanimously to permit it at the next board meeting before a final transfer of ownership can take place, industry sources said.
SACMH has been trying to sell its coal mines, export allocation and rail sidings since April, industry sources said.
SACMH's export allocation at RBCT was by far the most attractive of its assets for sale, said sources at companies which looked closely at the miner.
SACHM stopped mining on April 1 and since then the company has been undergoing a restructuring and search for a new equity partner.
Shanduka Coal, a joint venture between Swiss-based traders Glencore and Shanduka Resources, produces 9 million tonnes a year of thermal coal, the majority of which is exported.
Through its subsidiaries it owns 100 percent of the Graspan, Townlands, Bankfontein, Leeuwfontein and Lakeside mines near Middelburg and Kendal
Source: Reuters
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Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
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- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- The University of Queensland
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
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