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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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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 ...
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- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Economic Council, Georgia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- The University of Queensland
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
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