COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


   1269 1270 1271 1272 1273   
Showing 6351 to 6355 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Central Java Power - Indonesia
  • SMC Global Power, Philippines
  • EIA - United States
  • Karbindo Abesyapradhi - Indoneisa
  • GHCL Limited - India
  • Shenhua Group - China
  • UOB Asia (HK) Ltd
  • Sree Jayajothi Cements Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Mjunction Services Limited - India
  • Thriveni
  • Bhushan Steel Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Freeport Indonesia
  • IHS Mccloskey Coal Group - USA
  • Malabar Cements Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • Jaiprakash Power Ventures ltd
  • Riau Bara Harum - Indonesia
  • Port Waratah Coal Services - Australia
  • Gujarat Mineral Development Corp Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • Indonesia Power. PT
  • Reliance Power - India
  • Straits Asia Resources Limited - Singapore
  • Adani Power Ltd - India
  • ICICI Bank Limited - India
  • Britmindo - Indonesia
  • Mercator Lines Limited - India
  • Sakthi Sugars Limited - India
  • Asian Development Bank
  • Marubeni Corporation - India
  • Vijayanagar Sugar Pvt Ltd - India
  • PetroVietnam
  • Coastal Gujarat Power Limited - India
  • MEC Coal - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Chamber of Mines of South Africa
  • Global Coal Blending Company Limited - Australia
  • Adaro Indonesia
  • IMC Shipping - Singapore
  • globalCOAL - UK
  • JPower - Japan
  • White Energy Company Limited
  • Merrill Lynch Bank
  • Thailand Anthracite
  • Argus Media - Singapore
  • Salva Resources Pvt Ltd - India
  • Vedanta Resources Plc - India
  • Africa Commodities Group - South Africa
  • SRK Consulting
  • Electricity Authority, New Zealand
  • Siam City Cement PLC, Thailand
  • Indo Tambangraya Megah - Indonesia
  • CESC Limited - India
  • Thermax Limited - India
  • Credit Suisse - India
  • Arutmin Indonesia
  • Uttam Galva Steels Limited - India
  • Samsung - South Korea
  • GVK Power & Infra Limited - India
  • Clarksons - UK
  • Jindal Steel & Power Ltd - India
  • Sindya Power Generating Company Private Ltd
  • Pendopo Energi Batubara - Indonesia
  • Bulk Trading Sa - Switzerland
  • Kideco Jaya Agung - Indonesia
  • TRAFIGURA, South Korea
  • Global Business Power Corporation, Philippines
  • Edison Trading Spa - Italy
  • Economic Council, Georgia
  • Asmin Koalindo Tuhup - Indonesia
  • TANGEDCO India
  • ASAPP Information Group - India
  • India Bulls Power Limited - India
  • Meralco Power Generation, Philippines
  • Gujarat Sidhee Cement - India
  • Energy Link Ltd, New Zealand
  • Russian Coal LLC
  • Panama Canal Authority
  • Videocon Industries ltd - India
  • Ince & co LLP
  • Leighton Contractors Pty Ltd - Australia
  • U S Energy Resources
  • Coeclerici Indonesia
  • Essar Steel Hazira Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • Madhucon Powers Ltd - India
  • Surastha Cement
  • Globalindo Alam Lestari - Indonesia
  • Cement Manufacturers Association - India
  • Interocean Group of Companies - India
  • Peabody Energy - USA
  • Trasteel International SA, Italy
  • Ministry of Finance - Indonesia
  • Georgia Ports Authority, United States
  • Arch Coal - USA
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • UBS Singapore
  • Thai Mozambique Logistica
  • HSBC - Hong Kong
  • McConnell Dowell - Australia
  • Indian Oil Corporation Limited
  • Heidelberg Cement - Germany
  • Vale Mozambique
  • Lafarge - France
  • Barasentosa Lestari - Indonesia
  • ETA - Dubai
  • Aditya Birla Group - India
  • South Luzon Thermal Energy Corporation
  • Sinarmas Energy and Mining - Indonesia
  • Australian Coal Association
  • Ministry of Mines - Canada
  • Manunggal Multi Energi - Indonesia
  • Rio Tinto Coal - Australia
  • Banpu Public Company Limited - Thailand
  • Billiton Holdings Pty Ltd - Australia
  • Bukit Baiduri Energy - Indonesia
  • Shree Cement - India
  • Semirara Mining Corp, Philippines
  • KOWEPO - South Korea
  • Energy Development Corp, Philippines
  • TGV SRAAC LIMITED, India
  • BNP Paribas - Singapore
  • Rudhra Energy - India
  • Central Electricity Authority - India
  • Eastern Coal Council - USA
  • Indian Energy Exchange, India
  • Permata Bank - Indonesia
  • Samtan Co., Ltd - South Korea
  • Japan Coal Energy Center
  • Xindia Steels Limited - India
  • TNPL - India
  • KPCL - India
  • Sarangani Energy Corporation, Philippines
  • Thomson Reuters GRC
  • Savvy Resources Ltd - HongKong
  • SASOL - South Africa
  • Posco Energy - South Korea
  • Total Coal South Africa
  • Kobe Steel Ltd - Japan
  • Mercuria Energy - Indonesia
  • New Zealand Coal & Carbon
  • Petrosea - Indonesia
  • McKinsey & Co - India
  • Kohat Cement Company Ltd. - Pakistan
  • Sojitz Corporation - Japan
  • Standard Chartered Bank - UAE
  • Oldendorff Carriers - Singapore
  • Bangladesh Power Developement Board
  • PLN Batubara - Indonesia
  • Maruti Cements - India
  • Baramulti Group, Indonesia
  • RBS Sempra - UK
  • Petron Corporation, Philippines
  • Planning Commission, India
  • Deutsche Bank - India
  • DBS Bank - Singapore
  • Core Mineral Indonesia
  • Platou - Singapore
  • Eastern Energy - Thailand
  • Indonesian Coal Mining Association
  • CCIC - Indonesia
  • London Commodity Brokers - England
  • Coal Orbis AG
  • bp singapore
  • Tanito Harum - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Attock Cement Pakistan Limited
  • NTPC Limited - India
  • Glencore India Pvt. Ltd
  • Ceylon Electricity Board - Sri Lanka
  • Formosa Plastics Group - Taiwan
  • CoalTek, United States
  • Tata Chemicals Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Sical Logistics Limited - India
  • MS Steel International - UAE
  • Bank of America
  • Directorate General of MIneral and Coal - Indonesia
  • KEPCO - South Korea
  • Goldman Sachs - Singapore
  • Kartika Selabumi Mining - Indonesia
  • Gresik Semen - Indonesia
  • Directorate Of Revenue Intelligence - India
  • AsiaOL BioFuels Corp., Philippines
  • Lanco Infratech Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • LBH Netherlands Bv - Netherlands
  • Noble Europe Ltd - UK
  • Maybank - Singapore
  • Bharathi Cement Corporation - India
  • San Jose City I Power Corp, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Jatenergy - Australia
  • Ernst & Young Pvt. Ltd.
  • Neyveli Lignite Corporation Ltd, - India
  • Therma Luzon, Inc, Philippines
  • Cardiff University - UK
  • SMG Consultants - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Parry Sugars Refinery, India
  • Coaltrans Conferences
  • Intertek Mineral Services - Indonesia
  • Cebu Energy, Philippines
  • TeaM Sual Corporation - Philippines
  • PTC India Limited - India
  • Borneo Indobara - Indonesia
  • Mitsubishi Corporation
  • Bangkok Bank PCL
  • World Coal - UK
  • IEA Clean Coal Centre - UK
  • ANZ Bank - Australia
  • Ambuja Cements Ltd - India
  • Bank of China, Malaysia
  • Miang Besar Coal Terminal - Indonesia
  • Xstrata Coal
  • Kobexindo Tractors - Indoneisa
  • Berau Coal - Indonesia
  • Maersk Broker
  • GNFC Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • EMO - The Netherlands
  • Power Finance Corporation Ltd., India
  • Fearnleys - India
  • Vitol - Bahrain
  • Platts
  • APGENCO India
  • Renaissance Capital - South Africa
  • Latin American Coal - Colombia
  • Ind-Barath Power Infra Limited - India
  • VISA Power Limited - India
  • JPMorgan - India
  • Inspectorate - India
  • The Treasury - Australian Government
  • Medco Energi Mining Internasional
  • Cosco
  • Enel Italy
  • Singapore Mercantile Exchange
  • Malco - India
  • Kalimantan Lumbung Energi - Indonesia
  • ING Bank NV - Singapore
  • Mechel - Russia
  • ACC Limited - India
  • Minerals Council of Australia
  • Bukit Makmur.PT - Indonesia
  • Vizag Seaport Private Limited - India
  • Romanian Commodities Exchange
  • Grasim Industreis Ltd - India
  • IOL Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Chettinad Cement Corporation Ltd - India
  • Humpuss - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Parliament of New Zealand
  • Maheswari Brothers Coal Limited - India
  • Global Green Power PLC Corporation, Philippines
  • Gupta Coal India Ltd
  • Kapuas Tunggal Persada - Indonesia
  • Dalmia Cement Bharat India
  • Tamil Nadu electricity Board
  • Merrill Lynch Commodities Europe
  • GB Group - China
  • Anglo American - United Kingdom
  • Bahari Cakrawala Sebuku - Indonesia
  • Indika Energy - Indonesia
  • Inco-Indonesia
  • OCBC - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • SUEK AG - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • PNOC Exploration Corporation - Philippines
  • Pinang Coal Indonesia
  • World Bank
  • Alfred C Toepfer International GmbH - Germany
  • The University of Queensland
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Agrawal Coal Company - India
  • Altura Mining Limited, Indonesia
  • Sucofindo - Indonesia
  • Qatrana Cement - Jordan
  • Binh Thuan Hamico - Vietnam
  • Mintek Dendrill Indonesia
  • Simpson Spence & Young - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • NALCO India
  • Ministry of Transport, Egypt
  • PowerSource Philippines DevCo
  • Commonwealth Bank - Australia
  • Independent Power Producers Association of India
  • Toyota Tsusho Corporation, Japan
  • Larsen & Toubro Limited - India
  • Wilmar Investment Holdings
  • Runge Indonesia
  • Barclays Capital - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • Australian Commodity Traders Exchange
  • Moodys - Singapore
  • Infraline Energy - India
  • Karaikal Port Pvt Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Orica Mining Services - Indonesia
  • Makarim & Taira - Indonesia
  • IBC Asia (S) Pte Ltd
  • Idemitsu - Japan
  • Antam Resourcindo - Indonesia
  • GMR Energy Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • CNBM International Corporation - China
  • Star Paper Mills Limited - India
  • Metalloyd Limited - United Kingdom
  • Asia Cement - Taiwan
  • Carbofer General Trading SA - India
  • Siam City Cement - Thailand
  • Mitsui
  • Indorama - Singapore
  • Kepco SPC Power Corporation, Philippines
  • Rashtriya Ispat Nigam Limited - India
  • SGS (Thailand) Limited
  • Coalindo Energy - Indonesia
  • Coal and Oil Company - UAE
  • J M Baxi & Co - India
  • BRS Brokers - Singapore
  • Wood Mackenzie - Singapore
  • Bhatia International Limited - India
  • Geoservices-GeoAssay Lab
  • Cargill India Pvt Ltd
  • Indogreen Group - Indonesia
  • WorleyParsons
  • Coal India Limited
  • Maharashtra Electricity Regulatory Commission - India
  • Mitra SK Pvt Ltd - India
  • Timah Investasi Mineral - Indoneisa
  • The State Trading Corporation of India Ltd
  • Indian School of Mines
  • The India Cements Ltd
  • Thiess Contractors Indonesia
  • PLN - Indonesia
  • Cemex - Philippines
  • Price Waterhouse Coopers - Russia
  • Deloitte Consulting - India
  • Bhoruka Overseas - Indonesia
  • Orica Australia Pty. Ltd.
  • KPMG - USA
  • Kumho Petrochemical, South Korea
  • Kaltim Prima Coal - Indonesia
  • CIMB Investment Bank - Malaysia
  • Iligan Light & Power Inc, Philippines
  • Electricity Generating Authority of Thailand
  • Aboitiz Power Corporation - Philippines
  • Meenaskhi Energy Private Limited - India
  • Tata Power - India