Saturday, 05 Nov 2011
Reuters citing potential buyers reported that Brazilian mining company Vale SA is looking to sell its Colombian coal mine and Rio Cordoba port.
Vale acquired the assets in April 2009 for USD 306 million and is looking to unload them as it views the assets as small and high-cost mines. A sales process began more than a month ago and a banker has been appointed by Vale.
A Vale spokesman said the company does not comment on rumors.
(sourced from Reuters)
Showing posts with label looking for coal investors. Show all posts
Showing posts with label looking for coal investors. Show all posts
Saturday, November 5, 2011
Thursday, November 3, 2011
Sasol seeks partner for gas block
Company tells delegates to Africa Oil Week conference they will offer 25% of Sofala offshore Mozambican gas project in exchange for help with exploration
Thu, 11 Nov, 2011
PETROCHEMICALS group Sasol is looking for partners to help it develop its Sofala offshore Mozambican gas block, a conference heard yesterday.
"We will be looking for partners in this block," Ebbie Haan, MD of Sasol Petroleum International, told the Africa Upstream conference in Cape Town.
Sasol has said its offshore Mozambique blocks have "significant prospective resources".
Majid Shafiq, MD of corporate finance at FirstEnergy Capital, which is advising Sasol on the deal, said the group was looking to offer about 25% in the project in exchange for help on it.
"They want someone to carry out the work for the second exploration period," he said on the sidelines of the conference yesterday. The conference was one of the events in Africa Oil Week.
Sasol has previously said the Sofala block and another block, called M-10, in offshore Mozambique, form an integral part of SPI’s growth strategy in the Mozambican heartland.
Sasol remains operator of both the Sofala and M-10 Blocks.
In 2009, Sasol Petroleum entered into an arrangement with Malaysian national oil company Petronas as a strategic partner, in which the two companies jointly acquired equal shares in the M-10 Block while Sasol Petroleum acquired 100% of Sofala Block.
(sourced Businessday)
Thu, 11 Nov, 2011
PETROCHEMICALS group Sasol is looking for partners to help it develop its Sofala offshore Mozambican gas block, a conference heard yesterday.
"We will be looking for partners in this block," Ebbie Haan, MD of Sasol Petroleum International, told the Africa Upstream conference in Cape Town.
Sasol has said its offshore Mozambique blocks have "significant prospective resources".
Majid Shafiq, MD of corporate finance at FirstEnergy Capital, which is advising Sasol on the deal, said the group was looking to offer about 25% in the project in exchange for help on it.
"They want someone to carry out the work for the second exploration period," he said on the sidelines of the conference yesterday. The conference was one of the events in Africa Oil Week.
Sasol has previously said the Sofala block and another block, called M-10, in offshore Mozambique, form an integral part of SPI’s growth strategy in the Mozambican heartland.
Sasol remains operator of both the Sofala and M-10 Blocks.
In 2009, Sasol Petroleum entered into an arrangement with Malaysian national oil company Petronas as a strategic partner, in which the two companies jointly acquired equal shares in the M-10 Block while Sasol Petroleum acquired 100% of Sofala Block.
(sourced Businessday)
Wednesday, October 26, 2011
BLM announces Wyoming coal lease sale Dec 14
Wednesday, 26 Oct 2011
The Bureau of Land Management has announced a competitive coal lease sale by sealed bid at 10 AM on Wednesday December 14. The South Hilight Field Coal Tract, a 1,976.69 acre area containing an estimated 222.7 million tons of mineable coal, will be offered for lease, according to the BLM website.
The BLM noted that the qualified high bidder that meets or exceeds BLM’s estimate of the fair market value of the tract will get the lease. The minimum bid for this tract is USD 100 per acre or fraction thereof. The minimum bid is not intended to represent fair market value.
This tract is being offered for sale in response to a lease by application filed by Ark Land Company, St Louis, Mo. The coal resource to be offered consists of all reserves recoverable by surface mining methods. Adjacent to the southern and western lease boundary of the Black Thunder Mine, the tract is located about 2 to 5 miles south of State Highway 450 and east of the Burlington Northern/Union Pacific main line railroad.
The South Hilight Field Coal Tract also is adjacent to federal leases to the east and north, as well as an adjacent State of Wyoming lease, all controlled by the Black Thunder Mine. It is adjacent to unleased federal coal to the west and south.
Some of the surface estate of the tract is owned by Thunder Basin Coal Co., but most of the surface is part of the Thunder Basin National Grassland managed by the U.S. Forest Service.
Once a lease is issued, an annual rental payment of USD 3 per acre is required, along with a royalty payment of 12.5% of the value of coal produced by strip or auger mining methods and 8% of the value of the coal produced by underground mining methods.
Mr Don Simpson BLM Wyoming State Director said "Wyoming contributed nearly 400 million tons of coal to the nation’s domestic energy supply in 2010. Wyoming is the number one coal producer from public lands. Wyoming coal is used to generate electricity in 35 states.”
According to Wyoming’s Revenue Department estimates on 2009 production rates, in the meantime, Wyoming state legislators are looking into the rising severance tax rates on coal. While producers applaud this move, Wyoming could stand to lose millions of dollars in severance tax revenues in the future. In 2010 that revenue totalled about USD 265 million.
(sourced wyomingbusinessreport)
The Bureau of Land Management has announced a competitive coal lease sale by sealed bid at 10 AM on Wednesday December 14. The South Hilight Field Coal Tract, a 1,976.69 acre area containing an estimated 222.7 million tons of mineable coal, will be offered for lease, according to the BLM website.
The BLM noted that the qualified high bidder that meets or exceeds BLM’s estimate of the fair market value of the tract will get the lease. The minimum bid for this tract is USD 100 per acre or fraction thereof. The minimum bid is not intended to represent fair market value.
This tract is being offered for sale in response to a lease by application filed by Ark Land Company, St Louis, Mo. The coal resource to be offered consists of all reserves recoverable by surface mining methods. Adjacent to the southern and western lease boundary of the Black Thunder Mine, the tract is located about 2 to 5 miles south of State Highway 450 and east of the Burlington Northern/Union Pacific main line railroad.
The South Hilight Field Coal Tract also is adjacent to federal leases to the east and north, as well as an adjacent State of Wyoming lease, all controlled by the Black Thunder Mine. It is adjacent to unleased federal coal to the west and south.
Some of the surface estate of the tract is owned by Thunder Basin Coal Co., but most of the surface is part of the Thunder Basin National Grassland managed by the U.S. Forest Service.
Once a lease is issued, an annual rental payment of USD 3 per acre is required, along with a royalty payment of 12.5% of the value of coal produced by strip or auger mining methods and 8% of the value of the coal produced by underground mining methods.
Mr Don Simpson BLM Wyoming State Director said "Wyoming contributed nearly 400 million tons of coal to the nation’s domestic energy supply in 2010. Wyoming is the number one coal producer from public lands. Wyoming coal is used to generate electricity in 35 states.”
According to Wyoming’s Revenue Department estimates on 2009 production rates, in the meantime, Wyoming state legislators are looking into the rising severance tax rates on coal. While producers applaud this move, Wyoming could stand to lose millions of dollars in severance tax revenues in the future. In 2010 that revenue totalled about USD 265 million.
(sourced wyomingbusinessreport)
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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