Monday, 06 Feb 2012
It is reported that an Australian based company has shown interest in the mining of coal at Mpaka.
The company, known as Midwinter Resources said that it has entered into an agreement to acquire 100% of Teeman, a company incorporated in Swaziland and this is contingent on a number of conditions, including due diligence and shareholder approval.
Teeman’s main asset is a prospecting right application over 16 square kilometres in Swaziland, which includes the Mpaka Colliery, with potential for an underground resource.
According to Midwinter Resources website, this acquisition would allow Midwinter to diversify its activities while maintaining a focus on developing raw material inputs into the iron and steel industry.
The Mpaka Colliery, operated by Gencor until 1992, produced coal that was used as a reductant in the production of ferrochrome and ferromanganese in Mpumalanga, South Africa, as well as an export thermal coal product.
(sourced www.times.co.sz)
Showing posts with label investment in coal mines. Show all posts
Showing posts with label investment in coal mines. Show all posts
Monday, February 6, 2012
Wednesday, January 11, 2012
130 billion tonnes of new coal reserves discovered in Xinjiang in 2011
Wednesday, 11 Jan 2012
According to Mr Zeng Xiaogang head of the Bureau of Geology and Mineral Resources in the Chinese autonomous region of Xinjiang, in 2011 a total of 13 new coal deposits were discovered in the region, amounting to an aggregate of 130.7 billion tonnes of new coal reserves.
The total investment in the relevant coal mining projects has reached CNY 9.266 billion.
According to Mr Zeng, in 2011 Xinjiang also discovered 11 large and medium-sized iron ore mines, with total new reserves reaching 300 million tonnes.
(Sourced SteelOrbis)
According to Mr Zeng Xiaogang head of the Bureau of Geology and Mineral Resources in the Chinese autonomous region of Xinjiang, in 2011 a total of 13 new coal deposits were discovered in the region, amounting to an aggregate of 130.7 billion tonnes of new coal reserves.
The total investment in the relevant coal mining projects has reached CNY 9.266 billion.
According to Mr Zeng, in 2011 Xinjiang also discovered 11 large and medium-sized iron ore mines, with total new reserves reaching 300 million tonnes.
(Sourced SteelOrbis)
Saturday, December 10, 2011
Peabody buys stake in Chinese coal importer
Saturday, 10 Dec 2011
Peabody Energy Corp the world biggest private-sector coal company bought a 5.1% stake in a Chinese coal importer. China is the world biggest coal market.
Financial terms for the stake of Winsway Coking Coal Holdings Ltd were not disclosed. Winsway is a major importer of coking coal for China steel industry and is a top supplier of Mongolian coal into China.
Peabody said the company currently operates a coal and uranium joint venture with Winsway in Mongolia. The two companies also recently reached a tentative deal to establish a joint venture to market coal in China and the Asia-Pacific region.
Peabody bought its equity stake by purchasing Winsway shares on the Hong Kong Stock Exchange.
(Sourced from www.cbsnews.com)
Peabody Energy Corp the world biggest private-sector coal company bought a 5.1% stake in a Chinese coal importer. China is the world biggest coal market.
Financial terms for the stake of Winsway Coking Coal Holdings Ltd were not disclosed. Winsway is a major importer of coking coal for China steel industry and is a top supplier of Mongolian coal into China.
Peabody said the company currently operates a coal and uranium joint venture with Winsway in Mongolia. The two companies also recently reached a tentative deal to establish a joint venture to market coal in China and the Asia-Pacific region.
Peabody bought its equity stake by purchasing Winsway shares on the Hong Kong Stock Exchange.
(Sourced from www.cbsnews.com)
Wednesday, March 23, 2011
Monnet Ispat to buy another coal mine in Indonesia
Wed, Mar23,2011
Monnet Ispat touched an intraday high of Rs 532.50 and an intraday low of Rs 529.95. At 09:29 hrs the share was quoting at Rs 531.50, up Rs 6.15, or 1.17% on the NSE.
The company is close to buying another coal mine in Indonesia having reserves of fewer than 100 million tones, reports Business Standard.
It was trading with volumes of 2,573 shares. In the previous trading session, the share closed up 0.31% or Rs 1.60 at Rs 525.35. (source:moneycontrol)
Friday, March 4, 2011
Huainan Mining gets approval to build new coal mine
Mar 4, 2011
Huainan Mining Industry Group Co., Ltd., based in East China’s Anhui province, has gained official approval from the National Development and Reform Commission to build East Zhuji coal mine, sources learnt from the company on Feb 27.
With a total investment up to 3.08 billion yuan, Zhuji mine would have coal production capacity of 4 million tonnes per year, Anhui Daily reported..
In 2010, the company produced a total of 66.19 million tonnes coal, and expects coal output to reach 130-150 million tonnes, said the company.
During the period from 2006 to 2010, Huainan Mining had coal production capacity increasing from 30 million to 40 million tonnes per year through technology upgrading to six modern mines.
With a total investment up to 3.08 billion yuan, Zhuji mine would have coal production capacity of 4 million tonnes per year, Anhui Daily reported..
In 2010, the company produced a total of 66.19 million tonnes coal, and expects coal output to reach 130-150 million tonnes, said the company.
During the period from 2006 to 2010, Huainan Mining had coal production capacity increasing from 30 million to 40 million tonnes per year through technology upgrading to six modern mines.
Sunday, January 30, 2011
POSCO and Vale join ands to develop coal mine in Mozambique
Sunday, 30 Jan 2011
Reuters reported that POSCO said that it has agreed with Brazilian miner Vale to jointly seek to develop a coal mine in Mozambique.
POSCO said in a statement “The coal mine, located in Tete, Mozambique, would be able to produce 11 million tonnes of coals annually, which will be used as raw materials or for power generation.”
It did not elaborate how much each company would invest.
POSCO, which aims to double raw material self sufficiency to 50% by 2014, has earmarked KWR 700 billion in raw material investment this year.
The agreement comes as a result of POSCO CEO Mr Chung Joon-yang's trip to four African countries last week, aimed at securing resources from the continent.(sourced:Reuters)
Monday, January 17, 2011
Ncondezi Coal seeking Mozambican acquisitions
Monday, 17 Jan 2011
Ncondezi Coal Ltd, seeking to build a coal mine in Mozambique, said that it’s studying acquisitions as interest in the African nation rises following the AUD 3.9 billion bid for Riversdale Mining Ltd last month.
Mr Graham Mascall CEO of Ncondezi Coal said that “Now that we’re established in Mozambique, we have a very good profile with the government, with other industry players, with people interested and we’re getting a lot of in-bound opportunities which we’d like to have a look at. We’re looking predominantly in Mozambique.”
Mr Mascall said that “Mozambique has really grown in its interest for people because of the size of the coal resources I would be surprised if some of the thermal coal buyers in India, some of the steelmakers in China, aren’t looking at us and keeping a watching brief.”
Ncondezi holds four exploration licenses in the Mozambique province of Tete, adjacent to projects owned by Vale, the world’s biggest iron ore exporter and Riversdale. Ncondezi plans to start output from its USD 376 million thermal coal mine as early as 2013 and yesterday sold USD 36.5 million of new shares to buy out a founding holder and study merger and acquisition opportunities.
Rio Tinto Group, the world’s third largest mining company, last month agreed to buy Riversdale to secure reserves of coking coal. Rio’s bid has sparked interest in Mozambique’s mining industry, which has already attracted investment from Brazil’s Vale SA and BHP Billiton Ltd, the world’s two biggest mining companies.
Sourced from Bloomberg
Ncondezi Coal Ltd, seeking to build a coal mine in Mozambique, said that it’s studying acquisitions as interest in the African nation rises following the AUD 3.9 billion bid for Riversdale Mining Ltd last month.
Mr Graham Mascall CEO of Ncondezi Coal said that “Now that we’re established in Mozambique, we have a very good profile with the government, with other industry players, with people interested and we’re getting a lot of in-bound opportunities which we’d like to have a look at. We’re looking predominantly in Mozambique.”
Mr Mascall said that “Mozambique has really grown in its interest for people because of the size of the coal resources I would be surprised if some of the thermal coal buyers in India, some of the steelmakers in China, aren’t looking at us and keeping a watching brief.”
Ncondezi holds four exploration licenses in the Mozambique province of Tete, adjacent to projects owned by Vale, the world’s biggest iron ore exporter and Riversdale. Ncondezi plans to start output from its USD 376 million thermal coal mine as early as 2013 and yesterday sold USD 36.5 million of new shares to buy out a founding holder and study merger and acquisition opportunities.
Rio Tinto Group, the world’s third largest mining company, last month agreed to buy Riversdale to secure reserves of coking coal. Rio’s bid has sparked interest in Mozambique’s mining industry, which has already attracted investment from Brazil’s Vale SA and BHP Billiton Ltd, the world’s two biggest mining companies.
Sourced from Bloomberg
Indonesian investments in coal mining industry to exceed US$ 3 billion in 2011
Monday, 17 Jan 2011
The Energy & Mineral Resources Ministry said that it expected investments in the mineral and coal mining sector to reach USD 3.2 billion in 2011, a slight increase from USD 3.18 billion in 2010.
Mr Bambang Setiawan, the ministry's director general for minerals and coal, said that coal mining would remain the largest draw for investors sector due to soaring coal prices. He added that "Domestic players will dominate new investments in coal mining this year. With the surging prices, they will find it easier to secure bank loans to expand production."
The ministry's mineral and coal directorate general said the coal reference price for 6,322 calorie coal in January 2011 stood at USD 112 per tonne, jumping 8.6% from USD 103.41 per tonne in December. Analysts and coal business stakeholders predict the price would stay above USD 100 per tonne in 2011.
Mr Bambang said that the mineral mining sector would not be as bullish as coal mining. He predicted that there would be no significant increase in the amount of investment entering the sector. He added that "Many are interested in investing in the mineral mining sector but almost all potential mining sites have been acquired by existing miners."
Mr Bambang said that to attract more investors to the mineral and coal mining sectors, the government needed to combat the weak coordination between the government and regional administrations.
He said most regional administrations did not report to the Energy and Mineral Resources Ministry when they issued mining business permits. To deal with the problem, the ministry requires regional administrations to register all permits issued. He added that "Currently, around 10,000 mining business permits have been issued, but only 4,000 are registered by us."
In 2010, the ministry secured USD 3.18 billion in investments in the mineral and coal mining sectors, comprising USD 1.48 billion from mining contracts, USD 764 million from coal contracts of work, USD 38 million from state owned enterprises' mining concessions and USD 904.82 million from mining service businesses.
Mr Priyo Pribadi chairman of Indonesian Mining Association said that investments might grow but at a slower pace compared to last year. He added that "We face several constraints that may hinder the flow of investments to the mineral and coal mining sector."
He called on the government to crack down on regional administrations that did not report the issuance of mining business permits as such violations rendered it difficult for the government to map available mining sites for new investments.
Courtsey news by http://www.thejakartapost.com/
The Energy & Mineral Resources Ministry said that it expected investments in the mineral and coal mining sector to reach USD 3.2 billion in 2011, a slight increase from USD 3.18 billion in 2010.
Mr Bambang Setiawan, the ministry's director general for minerals and coal, said that coal mining would remain the largest draw for investors sector due to soaring coal prices. He added that "Domestic players will dominate new investments in coal mining this year. With the surging prices, they will find it easier to secure bank loans to expand production."
The ministry's mineral and coal directorate general said the coal reference price for 6,322 calorie coal in January 2011 stood at USD 112 per tonne, jumping 8.6% from USD 103.41 per tonne in December. Analysts and coal business stakeholders predict the price would stay above USD 100 per tonne in 2011.
Mr Bambang said that the mineral mining sector would not be as bullish as coal mining. He predicted that there would be no significant increase in the amount of investment entering the sector. He added that "Many are interested in investing in the mineral mining sector but almost all potential mining sites have been acquired by existing miners."
Mr Bambang said that to attract more investors to the mineral and coal mining sectors, the government needed to combat the weak coordination between the government and regional administrations.
He said most regional administrations did not report to the Energy and Mineral Resources Ministry when they issued mining business permits. To deal with the problem, the ministry requires regional administrations to register all permits issued. He added that "Currently, around 10,000 mining business permits have been issued, but only 4,000 are registered by us."
In 2010, the ministry secured USD 3.18 billion in investments in the mineral and coal mining sectors, comprising USD 1.48 billion from mining contracts, USD 764 million from coal contracts of work, USD 38 million from state owned enterprises' mining concessions and USD 904.82 million from mining service businesses.
Mr Priyo Pribadi chairman of Indonesian Mining Association said that investments might grow but at a slower pace compared to last year. He added that "We face several constraints that may hinder the flow of investments to the mineral and coal mining sector."
He called on the government to crack down on regional administrations that did not report the issuance of mining business permits as such violations rendered it difficult for the government to map available mining sites for new investments.
Courtsey news by http://www.thejakartapost.com/
Sunday, January 16, 2011
Looking for coal investors
We are looking for coal investors
Here we have some chances in between we
have several mines where these mines have been produced.
Here we have some chances in between we
have several mines where these mines have been produced.
Investors who wanted to investing directly into our mines are welcomes.
The advantage of Kalimantan coal are as below
* Surface Mining (surface mine), Low Sulfur,
Low Calorie to high Calorie range.
* High, Infrastucture of mining and it is very easy to transport
* The Land which is very much ready to explore is many so we can ask for a direct working order contract
* Our human resource is an empowered human resource beside the very professional Contractor.
Investors are requested please do contact us directly by phone or email to make an appointment, then we can discuss further more details. Then we’ll invite you to go direct, review the location in Kalimantan, seeing our entire readiness in doing this coal business.
Invest your capital in the coal business with us, let us closing attractive business cooperation, mutual benefit and always growing up, becoming one of the most successful coal company in Indonesia.
We now have 10 KP to in Take Over
* Location at in East Kalimantan and South Kalimantan.
* Obstetrical estimation of Coal between 5 – 10 Million Tons
* Exploration 3 yrs and can be lengthened a period of applying will [ used up/finished ]
* All mines have road connectivity
* Its ( the business Cooperation makes us : we receive Commision Fee and we try that us , get percentage in ownership of possibly only 5%
Contac us:
Lee Universal Enterprises
Importer-Export House
E-mail : Leeuniversal@gmail.com
Fax no.: +912942430499
Mobile :+919460352419
http://leeuniversal.blogspot.com/
The advantage of Kalimantan coal are as below
* Surface Mining (surface mine), Low Sulfur,
Low Calorie to high Calorie range.
* High, Infrastucture of mining and it is very easy to transport
* The Land which is very much ready to explore is many so we can ask for a direct working order contract
* Our human resource is an empowered human resource beside the very professional Contractor.
Investors are requested please do contact us directly by phone or email to make an appointment, then we can discuss further more details. Then we’ll invite you to go direct, review the location in Kalimantan, seeing our entire readiness in doing this coal business.
Invest your capital in the coal business with us, let us closing attractive business cooperation, mutual benefit and always growing up, becoming one of the most successful coal company in Indonesia.
We now have 10 KP to in Take Over
* Location at in East Kalimantan and South Kalimantan.
* Obstetrical estimation of Coal between 5 – 10 Million Tons
* Exploration 3 yrs and can be lengthened a period of applying will [ used up/finished ]
* All mines have road connectivity
* Its ( the business Cooperation makes us : we receive Commision Fee and we try that us , get percentage in ownership of possibly only 5%
Contac us:
Lee Universal Enterprises
Importer-Export House
E-mail : Leeuniversal@gmail.com
Fax no.: +912942430499
Mobile :+919460352419
http://leeuniversal.blogspot.com/
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