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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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Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
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- Karbindo Abesyapradhi - Indoneisa
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- Petron Corporation, Philippines
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- Antam Resourcindo - Indonesia
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- Interocean Group of Companies - India
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- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
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- SMC Global Power, Philippines
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- Deloitte Consulting - India
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- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
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- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
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- MS Steel International - UAE
- CNBM International Corporation - China
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- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Parliament of New Zealand
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- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- White Energy Company Limited
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- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Planning Commission, India
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
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- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
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- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
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- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
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- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
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- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
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