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Friday, 02 March 18
ANGLO AMERICAN COMPLETES SALE OF ESKOM-TIED THERMAL COAL OPERATIONS IN SOUTH AFRICA
 Anglo American plc (“Anglo American”) confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa (the “Operations”) to Seriti (the “Transaction”). The consideration payable for the Operations as at 1 January 2017 is ZAR2.3 billion (approximately US$164 million).
Mark Cutifani, Chief Executive of Anglo American, said: “We are pleased to have completed the sale of our Eskom-tied domestic thermal coal operations in South Africa to Seriti. This transaction continues the reshaping of our global asset portfolio based on value and the optimal deployment of capital, while realising value for our shareholders and ensuring reliable supply of coal to Eskom.”
Norman Mbazima, Deputy Chairman of Anglo American South Africa, commented on the Transaction: “We believe the conclusion of the sale to Seriti, a broad-based, majority black-owned and controlled South African mining company, represents a major step change in transformation in the coal (and broader mining) sector, reinforcing Anglo American’s longstanding track record, and commitment to, economic empowerment and sustainable transformation.”
The Operations consist of the New Vaal, New Denmark and Kriel collieries, as well as four closed collieries.
About Seriti & Anglo American
Seriti
Seriti Coal Proprietary Limited, the purchaser, is a wholly owned subsidiary of Seriti Resources Holdings Proprietary Limited (“Seriti”). Seriti is a broad-based, majority HDSA-owned and controlled South African mining company, established with the aim of preserving and operating strategic energy assets for the benefit of South Africa and its people. Seriti is owned jointly by four strategic “anchor” shareholders, namely Masimong Group Holdings Proprietary Limited (“Masimong”), Thebe Investment Corporation (“Thebe”), Zungu Investments Company Proprietary Limited (“ZICO”) and Community Investment Holdings Projects (“CIH Projects”). Seriti’s management team will be led by Mike Teke who has extensive mining experience through the acquisition, operation and development of Optimum Coal Mines and Koornfontein Mines which produced approximately 10Mtpa of saleable domestic and export thermal coal and the development of other large scale thermal coal projects. Seriti intends to provide meaningful equity participation for management, employees and communities in its structure.
Anglo American
Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world’s developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products to our customers around the world.
As a responsible miner – of diamonds (through De Beers), copper, platinum and other precious metals, iron ore, coal and nickel – we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate – creating sustainable value and making a real difference.
www.angloamerican.com
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Friday, 09 March 18
THE WORLD CANNOT KEEP IGNORING THE ASIAN COAL STORY - BENJAMIN SPORTON
There were significant changes in the global energy system in 2017, including the growth in electric vehicles, the rise of renewables and the conti ...
Friday, 09 March 18
U.S. EXPORTED 97 MMST OF COAL IN 2017, A 61 PER CENT INCREASE FROM 2016 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.1 million short tons ...
Thursday, 08 March 18
BUMA SIGNED OVER US$ 500 MILLION WORTH OF NEW CONTRACT WITH PT TANAH BUMBU RESOURCES
PT Delta Dunia Makmur Tbk., announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into mining services ...
Thursday, 08 March 18
THE ENERGY CONTRIBUTION FROM COAL-BASED POWER PLANTS IS LIKELY TO INCREASE TO 1072 BU BY 2021-22 : PIB
Government of India has set an ambitious target of 175 GW from Renewable energy sources (RES) by 2022, which comprises of 100 GW Solar, 60GW from W ...
Thursday, 08 March 18
SUPRAMAX: THE MARKET IS STILL GOING STRONG IN THE PACIFIC - FEARNLEYS
Supramax
The market is still going strong in the Pacific, with Ultra fixing high US$ 13000+375000 bb for South Africa to ECI while nickel ore run ...
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- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Parliament of New Zealand
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Australian Coal Association
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
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