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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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Wednesday, 14 June 17
HANDYSIZES AND PANAMAXES ENJOY THE TIGHTEST SUPPLY - PANOS TSILINGIRIS
The dry and the tanker shipping segments have dissimilar exposure to supply-driven opportunity (or risk). While the vintage (i.e., over 15 years ol ...
Tuesday, 13 June 17
THE TANKER FREIGHT MARKET IS STILL UNDER PRESSURE - GEORGE LAZARIDIS
News of U.S. inventory decline has hit the market by surprise with prices of the commodity showing some quick revival as OPEC continues to push wit ...
Monday, 12 June 17
THE BALTIC DRY INDEX TOOK A POSITIVE STEP
COALspot.com: The Freight market incline this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positive trend week ...
Friday, 09 June 17
U.S WEEKLY COAL OUTPUT WAS FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...
Wednesday, 07 June 17
INDO HBA INDEX SEE LARGEST DROP SINCE FEBRUARY 2017
COALspot.com: Indonesian coal benchmark price decline 9.96% in June, government data showed.
The benchmark price of Indonesian thermal coal de ...
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- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
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- CNBM International Corporation - China
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- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
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- Petrochimia International Co. Ltd.- Taiwan
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- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- New Zealand Coal & Carbon
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- Neyveli Lignite Corporation Ltd, - India
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- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
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- IHS Mccloskey Coal Group - USA
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
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- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
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- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Deloitte Consulting - India
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- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
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- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Australian Coal Association
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- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- The Treasury - Australian Government
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- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
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- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
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- Bahari Cakrawala Sebuku - Indonesia
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- OPG Power Generation Pvt Ltd - India
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- TeaM Sual Corporation - Philippines
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- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
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- Coal and Oil Company - UAE
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- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
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- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Parliament of New Zealand
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- Malabar Cements Ltd - India
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- South Luzon Thermal Energy Corporation
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- India Bulls Power Limited - India
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