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Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million) bid for its stake in Siyanda Coal Ltd., a transaction that would end the need to raise cash in a rights offer.
The stock added as much as 66 cents, or 23 percent, to 3.51 rand, and traded at 3.38 rand as of 11:46 a.m. in Johannesburg. Sentula’s board accepted a conditional offer from a Noble Group Ltd. venture for its 49.9 percent stake in the Koornfontein coal mine operated by Siyanda, the company said in a stock exchange statement today.
Sentula needs to pay 400 million rand to its funders by Nov. 30 or “incur significant penalties on its existing debt,” it said. The sale depends on how fast the buyers complete a due diligence study of the mine, Sentula said.
“Significant progress” has been made regarding the company’s proposed 500 million-rand rights offer, it said. The rights offer may be abandoned if Koornfontein can be sold in time.
Sentula has until Oct. 30 to scrap the share sale. The disposal of the mine is the company’s preferred means of recapitalization, it said.
Source: Paguntaka
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Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
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- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Planning Commission, India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- VISA Power Limited - India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
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