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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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Tuesday, 13 October 09
INDIA INTERESTED IN AMERICAN COAL
UPI reported that, Coal India Ltd. in its global expansion efforts is now interested in coal properties in the United States.
The Business Standard ...
Tuesday, 13 October 09
RIVERSDALE MAY USE ZAMBEZI RIVER TO TRANSPORT MOZAMBIQUE COAL
Mining Weekly reported that, ASX-listed coal-miner Riversdale Mining would submit a feasibility study and an environmental-impact study (EIS) for it ...
Monday, 12 October 09
INDONESIAN COAL MINER SAYS PLANS IPO IN 2010
Reuters reported that, Indonesian coal miner PT Bhakti Energi Persada plans an initial public offering in the first quarter of 2010 to develop coal ...
Monday, 12 October 09
BISICHI MINING FINALIZES COAL SUPPLY CONTRACT FOR 2010-2012
Small Cap News reported that, Bisichi, the South Africa based coal mining group, has agreed a three year coal supply contract between its principal ...
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 Co ...
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- Parliament of New Zealand
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- Banpu Public Company Limited - Thailand
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- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
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- Siam City Cement - Thailand
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- India Bulls Power Limited - India
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- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
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- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
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- Maheswari Brothers Coal Limited - India
- The University of Queensland
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- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
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- Holcim Trading Pte Ltd - Singapore
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- Indogreen Group - Indonesia
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- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
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- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
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- Toyota Tsusho Corporation, Japan
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- Globalindo Alam Lestari - Indonesia
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- Ministry of Transport, Egypt
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- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
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- International Coal Ventures Pvt Ltd - India
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- Altura Mining Limited, Indonesia
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