COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...


Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...


Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years Live Mint reported that, Essar Shipping ...


Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...


Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...


   1271 1272 1273 1274 1275   
Showing 6361 to 6365 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bharathi Cement Corporation - India
  • Sucofindo - Indonesia
  • Barasentosa Lestari - Indonesia
  • Coal and Oil Company - UAE
  • Metalloyd Limited - United Kingdom
  • Goldman Sachs - Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • Mitra SK Pvt Ltd - India
  • Timah Investasi Mineral - Indoneisa
  • Global Business Power Corporation, Philippines
  • CNBM International Corporation - China
  • Australian Coal Association
  • TRAFIGURA, South Korea
  • Aditya Birla Group - India
  • Enel Italy
  • Vedanta Resources Plc - India
  • HSBC - Hong Kong
  • Thai Mozambique Logistica
  • Thermax Limited - India
  • Peabody Energy - USA
  • Bukit Makmur.PT - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Manunggal Multi Energi - Indonesia
  • South Luzon Thermal Energy Corporation
  • Freeport Indonesia
  • Merrill Lynch Commodities Europe
  • JPower - Japan
  • Leighton Contractors Pty Ltd - Australia
  • Electricity Authority, New Zealand
  • International Coal Ventures Pvt Ltd - India
  • Meralco Power Generation, Philippines
  • Borneo Indobara - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • MEC Coal - Indonesia
  • Indogreen Group - Indonesia
  • Noble Europe Ltd - UK
  • Riau Bara Harum - Indonesia
  • PowerSource Philippines DevCo
  • Makarim & Taira - Indonesia
  • Tata Power - India
  • GN Power Mariveles Coal Plant, Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • World Coal - UK
  • UBS Singapore
  • Cigading International Bulk Terminal - Indonesia
  • Deutsche Bank - India
  • Maersk Broker
  • Holcim Trading Pte Ltd - Singapore
  • Cosco
  • SN Aboitiz Power Inc, Philippines
  • Mercator Lines Limited - India
  • Bhoruka Overseas - Indonesia
  • Karaikal Port Pvt Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Chamber of Mines of South Africa
  • Coal Orbis AG
  • Kobe Steel Ltd - Japan
  • Geoservices-GeoAssay Lab
  • Indika Energy - Indonesia
  • Maybank - Singapore
  • Global Coal Blending Company Limited - Australia
  • ETA - Dubai
  • The Treasury - Australian Government
  • Total Coal South Africa
  • Runge Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Price Waterhouse Coopers - Russia
  • Samtan Co., Ltd - South Korea
  • Orica Australia Pty. Ltd.
  • ING Bank NV - Singapore
  • KOWEPO - South Korea
  • Japan Coal Energy Center
  • Parliament of New Zealand
  • PLN Batubara - Indonesia
  • SRK Consulting
  • Larsen & Toubro Limited - India
  • Coeclerici Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Eastern Coal Council - USA
  • Coaltrans Conferences
  • Salva Resources Pvt Ltd - India
  • KPCL - India
  • Krishnapatnam Port Company Ltd. - India
  • Vitol - Bahrain
  • Indian School of Mines
  • Iligan Light & Power Inc, Philippines
  • Petron Corporation, Philippines
  • SASOL - South Africa
  • Central Electricity Authority - India
  • Asia Cement - Taiwan
  • White Energy Company Limited
  • Commonwealth Bank - Australia
  • Cebu Energy, Philippines
  • Adaro Indonesia
  • Bulk Trading Sa - Switzerland
  • Altura Mining Limited, Indonesia
  • Africa Commodities Group - South Africa
  • ICICI Bank Limited - India
  • Tanito Harum - Indonesia
  • Bank of America
  • Mercuria Energy - Indonesia
  • Attock Cement Pakistan Limited
  • OCBC - Singapore
  • DBS Bank - Singapore
  • Indonesian Coal Mining Association
  • Russian Coal LLC
  • Idemitsu - Japan
  • NTPC Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Toyota Tsusho Corporation, Japan
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bangladesh Power Developement Board
  • Kalimantan Lumbung Energi - Indonesia
  • Inspectorate - India
  • Britmindo - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Indian Energy Exchange, India
  • Arch Coal - USA
  • J M Baxi & Co - India
  • Cardiff University - UK
  • PetroVietnam
  • Asian Development Bank
  • Reliance Power - India
  • Mintek Dendrill Indonesia
  • Cement Manufacturers Association - India
  • Marubeni Corporation - India
  • Inco-Indonesia
  • European Bulk Services B.V. - Netherlands
  • Agrawal Coal Company - India
  • Sindya Power Generating Company Private Ltd
  • Miang Besar Coal Terminal - Indonesia
  • The India Cements Ltd
  • Clarksons - UK
  • New Zealand Coal & Carbon
  • Xstrata Coal
  • Gresik Semen - Indonesia
  • Kumho Petrochemical, South Korea
  • PTC India Limited - India
  • Heidelberg Cement - Germany
  • JPMorgan - India
  • Planning Commission, India
  • Bahari Cakrawala Sebuku - Indonesia
  • Sical Logistics Limited - India
  • Infraline Energy - India
  • Standard Chartered Bank - UAE
  • Star Paper Mills Limited - India
  • Sree Jayajothi Cements Limited - India
  • IEA Clean Coal Centre - UK
  • Surastha Cement
  • EIA - United States
  • Formosa Plastics Group - Taiwan
  • Glencore India Pvt. Ltd
  • Malabar Cements Ltd - India
  • WorleyParsons
  • Kapuas Tunggal Persada - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Ministry of Mines - Canada
  • Lafarge - France
  • Karbindo Abesyapradhi - Indoneisa
  • The University of Queensland
  • Thomson Reuters GRC
  • Berau Coal - Indonesia
  • Mitsubishi Corporation
  • CESC Limited - India
  • SUEK AG - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Australian Commodity Traders Exchange
  • Siam City Cement PLC, Thailand
  • EMO - The Netherlands
  • Adani Power Ltd - India
  • Petrosea - Indonesia
  • Posco Energy - South Korea
  • KEPCO - South Korea
  • Aboitiz Power Corporation - Philippines
  • Medco Energi Mining Internasional
  • GNFC Limited - India
  • TANGEDCO India
  • Sinarmas Energy and Mining - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Ministry of Transport, Egypt
  • CoalTek, United States
  • Lanco Infratech Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • IOL Indonesia
  • Power Finance Corporation Ltd., India
  • Pendopo Energi Batubara - Indonesia
  • Indorama - Singapore
  • World Bank
  • Globalindo Alam Lestari - Indonesia
  • Port Waratah Coal Services - Australia
  • LBH Netherlands Bv - Netherlands
  • Uttam Galva Steels Limited - India
  • Kideco Jaya Agung - Indonesia
  • Madhucon Powers Ltd - India
  • Bank of China, Malaysia
  • Videocon Industries ltd - India
  • GVK Power & Infra Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Mjunction Services Limited - India
  • Sojitz Corporation - Japan
  • Trasteel International SA, Italy
  • Rio Tinto Coal - Australia
  • Moodys - Singapore
  • Indian Oil Corporation Limited
  • Samsung - South Korea
  • Oldendorff Carriers - Singapore
  • Rudhra Energy - India
  • Ind-Barath Power Infra Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Minerals Council of Australia
  • Kobexindo Tractors - Indoneisa
  • Permata Bank - Indonesia
  • KPMG - USA
  • Kohat Cement Company Ltd. - Pakistan
  • Arutmin Indonesia
  • Grasim Industreis Ltd - India
  • BRS Brokers - Singapore
  • Therma Luzon, Inc, Philippines
  • Mechel - Russia
  • MS Steel International - UAE
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Vizag Seaport Private Limited - India
  • globalCOAL - UK
  • Xindia Steels Limited - India
  • GHCL Limited - India
  • Maruti Cements - India
  • Bhatia International Limited - India
  • Renaissance Capital - South Africa
  • Wilmar Investment Holdings
  • Savvy Resources Ltd - HongKong
  • Thailand Anthracite
  • Banpu Public Company Limited - Thailand
  • Jatenergy - Australia
  • Tamil Nadu electricity Board
  • VISA Power Limited - India
  • TeaM Sual Corporation - Philippines
  • Sakthi Sugars Limited - India
  • Energy Development Corp, Philippines
  • London Commodity Brokers - England
  • GB Group - China
  • Kaltim Prima Coal - Indonesia
  • Singapore Mercantile Exchange
  • Neyveli Lignite Corporation Ltd, - India
  • Romanian Commodities Exchange
  • Maheswari Brothers Coal Limited - India
  • Tata Chemicals Ltd - India
  • IHS Mccloskey Coal Group - USA
  • Barclays Capital - USA
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • SGS (Thailand) Limited
  • Essar Steel Hazira Ltd - India
  • Fearnleys - India
  • Jaiprakash Power Ventures ltd
  • IBC Asia (S) Pte Ltd
  • Mitsui
  • Eastern Energy - Thailand
  • Rashtriya Ispat Nigam Limited - India
  • Directorate Of Revenue Intelligence - India
  • Carbofer General Trading SA - India
  • Ernst & Young Pvt. Ltd.
  • Coalindo Energy - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Intertek Mineral Services - Indonesia
  • U S Energy Resources
  • Siam City Cement - Thailand
  • RBS Sempra - UK
  • McKinsey & Co - India
  • Georgia Ports Authority, United States
  • Interocean Group of Companies - India
  • Core Mineral Indonesia
  • PLN - Indonesia
  • SMC Global Power, Philippines
  • Humpuss - Indonesia
  • Qatrana Cement - Jordan
  • Baramulti Group, Indonesia
  • Credit Suisse - India
  • Thiess Contractors Indonesia
  • Shree Cement - India
  • Bangkok Bank PCL
  • Orica Mining Services - Indonesia
  • ANZ Bank - Australia
  • Economic Council, Georgia
  • Kartika Selabumi Mining - Indonesia
  • SMG Consultants - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Central Java Power - Indonesia
  • India Bulls Power Limited - India
  • IMC Shipping - Singapore
  • Simpson Spence & Young - Indonesia
  • Cargill India Pvt Ltd
  • Antam Resourcindo - Indonesia
  • Deloitte Consulting - India
  • Panama Canal Authority
  • GMR Energy Limited - India
  • San Jose City I Power Corp, Philippines
  • Thriveni
  • Anglo American - United Kingdom
  • Pipit Mutiara Jaya. PT, Indonesia
  • Cemex - Philippines
  • Independent Power Producers Association of India
  • Petrochimia International Co. Ltd.- Taiwan
  • Straits Asia Resources Limited - Singapore
  • Indo Tambangraya Megah - Indonesia
  • Electricity Generating Authority of Thailand
  • ACC Limited - India
  • Pinang Coal Indonesia
  • Semirara Mining Corp, Philippines
  • Latin American Coal - Colombia
  • Platts
  • PetroVietnam Power Coal Import and Supply Company
  • Malco - India
  • Merrill Lynch Bank
  • Ince & co LLP
  • Gupta Coal India Ltd
  • Bhushan Steel Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Wood Mackenzie - Singapore
  • Vale Mozambique
  • Bukit Baiduri Energy - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • Dalmia Cement Bharat India
  • TNPL - India
  • Shenhua Group - China
  • Energy Link Ltd, New Zealand
  • NALCO India
  • Meenaskhi Energy Private Limited - India
  • Indonesia Power. PT
  • CCIC - Indonesia
  • Coastal Gujarat Power Limited - India
  • TGV SRAAC LIMITED, India
  • Ministry of Finance - Indonesia
  • Gujarat Sidhee Cement - India
  • BNP Paribas - Singapore
  • The State Trading Corporation of India Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • Coal India Limited
  • CIMB Investment Bank - Malaysia
  • Binh Thuan Hamico - Vietnam
  • GAC Shipping (India) Pvt Ltd
  • Sarangani Energy Corporation, Philippines
  • bp singapore
  • Ambuja Cements Ltd - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Edison Trading Spa - Italy
  • Platou - Singapore
  • OPG Power Generation Pvt Ltd - India
  • ASAPP Information Group - India
  • Jindal Steel & Power Ltd - India
  • Parry Sugars Refinery, India
  • Argus Media - Singapore
  • UOB Asia (HK) Ltd
  • McConnell Dowell - Australia
  • APGENCO India