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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 $20.00 per tonne.
"If you take a view that in the medium to long-term export prices for South African coal are going to go up, it makes sense to buy allocation," the source said.
SACHM was not available for comment.
Under the RBCT rules the sale of allocation must get approval from the RBCT board, made up of representatives of its shareholders among the major mining houses.
Even if an agreement to sell allocation has been made, RBCT shareholders must agree unanimously to permit it at the next board meeting before a final transfer of ownership can take place, industry sources said.
SACMH has been trying to sell its coal mines, export allocation and rail sidings since April, industry sources said.
SACMH's export allocation at RBCT was by far the most attractive of its assets for sale, said sources at companies which looked closely at the miner.
SACHM stopped mining on April 1 and since then the company has been undergoing a restructuring and search for a new equity partner.
Shanduka Coal, a joint venture between Swiss-based traders Glencore and Shanduka Resources, produces 9 million tonnes a year of thermal coal, the majority of which is exported.
Through its subsidiaries it owns 100 percent of the Graspan, Townlands, Bankfontein, Leeuwfontein and Lakeside mines near Middelburg and Kendal
Source: Reuters
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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
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