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

Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...


Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...


Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...


Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain * Older coal loading facility seem unaffected so far * UBS may cut valuation if disruption ...


Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...


   1270 1271 1272 1273 1274   
Showing 6356 to 6360 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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