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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 Coal has bought 500,000 tonnes of export capacity at Richards Bay Coal Terminal from South African Coal Mining Holdings Ltd (SACMH), a source close to the deal said.
The source would not disclose the price for the deal but trading companies and miners who have sought to buy export allocations during the past several months have been quoted prices of $20.00 per tonne.
"If you take a view that in the medium to long-term export prices for South African coal are going to go up, it makes sense to buy allocation," the source said.
SACHM was not available for comment.
Under the RBCT rules the sale of allocation must get approval from the RBCT board, made up of representatives of its shareholders among the major mining houses.
Even if an agreement to sell allocation has been made, RBCT shareholders must agree unanimously to permit it at the next board meeting before a final transfer of ownership can take place, industry sources said.
SACMH has been trying to sell its coal mines, export allocation and rail sidings since April, industry sources said.
SACMH's export allocation at RBCT was by far the most attractive of its assets for sale, said sources at companies which looked closely at the miner.
SACHM stopped mining on April 1 and since then the company has been undergoing a restructuring and search for a new equity partner.
Shanduka Coal, a joint venture between Swiss-based traders Glencore and Shanduka Resources, produces 9 million tonnes a year of thermal coal, the majority of which is exported.
Through its subsidiaries it owns 100 percent of the Graspan, Townlands, Bankfontein, Leeuwfontein and Lakeside mines near Middelburg and Kendal
Source: Reuters
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Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
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- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
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