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Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million) bid for its stake in Siyanda Coal Ltd., a transaction that would end the need to raise cash in a rights offer.
The stock added as much as 66 cents, or 23 percent, to 3.51 rand, and traded at 3.38 rand as of 11:46 a.m. in Johannesburg. Sentula’s board accepted a conditional offer from a Noble Group Ltd. venture for its 49.9 percent stake in the Koornfontein coal mine operated by Siyanda, the company said in a stock exchange statement today.
Sentula needs to pay 400 million rand to its funders by Nov. 30 or “incur significant penalties on its existing debt,” it said. The sale depends on how fast the buyers complete a due diligence study of the mine, Sentula said.
“Significant progress” has been made regarding the company’s proposed 500 million-rand rights offer, it said. The rights offer may be abandoned if Koornfontein can be sold in time.
Sentula has until Oct. 30 to scrap the share sale. The disposal of the mine is the company’s preferred means of recapitalization, it said.
Source: Paguntaka
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Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
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- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Aditya Birla Group - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
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