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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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- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
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- Latin American Coal - Colombia
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- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Indian Energy Exchange, India
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- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
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- Indonesian Coal Mining Association
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- Dalmia Cement Bharat India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
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- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
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- GN Power Mariveles Coal Plant, Philippines
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- Indian Oil Corporation Limited
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- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
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- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
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- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
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- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
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- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
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- Planning Commission, India
- IEA Clean Coal Centre - UK
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- Miang Besar Coal Terminal - Indonesia
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- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
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- Posco Energy - South Korea
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- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
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- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
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- Borneo Indobara - Indonesia
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- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- The University of Queensland
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
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- GAC Shipping (India) Pvt Ltd
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