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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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Monday, 06 November 17
THE THERMAL COAL MARKET CAME UNDER SOME PRESSURE AS THE OUTLOOK FOR DEMAND WEAKENED - DANIEL HYNES
Commodities were mixed as investors grappled with a revised tax plan in the US amid a rising USD said Daniel Hynes in his linked in post.
Acco ...
Monday, 06 November 17
THE FREIGHT MARKET WAS CONTINUED TO SOFTEN THIS PAST WEEK; BCI DOWN 184 POINT WEEK OVER WEEK
COALspot.com: The freight market was continued to soften this past week compared to the previous week, as BDI and all segments except Panamax index ...
Friday, 03 November 17
U.S. COAL PRODUCTION FELL WEEK-OVER-WEEK, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.5 million short ton ...
Wednesday, 01 November 17
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
As it was expected, the strong dry bulk freight market of the past couple of months has inspired similar activity in the second-hand market. Noneth ...
Tuesday, 31 October 17
BALTIC DRY INDEX TAKES A BREAK FROM ITS UPWARD RALLY COURSE - GEORGE LAZARIDIS
It has been a week of corrections for the dry bulk freight market as it seems as the general Baltic Dry Index takes a break from its upward rally c ...
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Showing 1896 to 1900 news of total 6871 |
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- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- VISA Power Limited - India
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Planning Commission, India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- The University of Queensland
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
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