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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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Thursday, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
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- San Jose City I Power Corp, Philippines
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- Eastern Energy - Thailand
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- Indogreen Group - Indonesia
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- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
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- Thai Mozambique Logistica
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- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
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- Antam Resourcindo - Indonesia
- Planning Commission, India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
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- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
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- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
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- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
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- Bahari Cakrawala Sebuku - Indonesia
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- Meralco Power Generation, Philippines
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- TNB Fuel Sdn Bhd - Malaysia
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- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
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- Jorong Barutama Greston.PT - Indonesia
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- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
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- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
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- Power Finance Corporation Ltd., India
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- Global Green Power PLC Corporation, Philippines
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- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
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- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
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- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
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- Indonesian Coal Mining Association
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- Australian Coal Association
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