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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, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- The University of Queensland
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
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