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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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Tuesday, 13 October 09
INDIA INTERESTED IN AMERICAN COAL
UPI reported that, Coal India Ltd. in its global expansion efforts is now interested in coal properties in the United States.
The Business Standard ...
Tuesday, 13 October 09
RIVERSDALE MAY USE ZAMBEZI RIVER TO TRANSPORT MOZAMBIQUE COAL
Mining Weekly reported that, ASX-listed coal-miner Riversdale Mining would submit a feasibility study and an environmental-impact study (EIS) for it ...
Monday, 12 October 09
INDONESIAN COAL MINER SAYS PLANS IPO IN 2010
Reuters reported that, Indonesian coal miner PT Bhakti Energi Persada plans an initial public offering in the first quarter of 2010 to develop coal ...
Monday, 12 October 09
BISICHI MINING FINALIZES COAL SUPPLY CONTRACT FOR 2010-2012
Small Cap News reported that, Bisichi, the South Africa based coal mining group, has agreed a three year coal supply contract between its principal ...
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 Co ...
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- Malabar Cements Ltd - India
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- Chamber of Mines of South Africa
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- Coalindo Energy - Indonesia
- VISA Power Limited - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
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- Tamil Nadu electricity Board
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- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
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- Africa Commodities Group - South Africa
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- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
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- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
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- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
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- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
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- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
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- Pendopo Energi Batubara - Indonesia
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- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
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- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
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- Riau Bara Harum - Indonesia
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- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
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- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
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- Orica Mining Services - Indonesia
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- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
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- Goldman Sachs - Singapore
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