Gunvor Open To Asian Stakes In Us Coal Mine

Aug 05, 2012· The plan was to sell much of the coal to the booming Asian market, where it was fetching far more than the prevailing price in the US. ... Gunvor coal mine venture hit by woes ... according to the ...

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$400 million deal intended to ramp up U.S. coal exports to burgeoning Asia and South America markets. The deal gives privately held trader Gunvor Group, Ltd. a one-third share in Signal Peak ...

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Aug 08, 2012· LONDON, Aug 8 (Reuters) - Energy trader Gunvor is considering selling equity stakes in the U.S. Signal Peak coal mine, after approaches by several Asian end …

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Mar 18, 2015· Introduction. Montana coal mines produced 41.8 million tons of coal in 2006 (3.6% of the U.S. total), making Montana the 6th-biggest coal-producing state in the country. About a quarter of Montana's coal production (10 million tons) is consumed at the four units of the Colstrip Steam Plant in Colstrip, Montana which is the second largest coal-fired power plant west of the Mississippi River.

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National Australia Bank (NAB) has announced that it will stop funding new thermal coal projects, in the latest blow to the sector. In a brief statement, NAB said that while it would continue to support existing clients across the mining and energy sectors, it “has an important role to …

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Mar 22, 2016· Gunvor, one of the world’s biggest oil traders, has reported record profits for 2015, boosted by the sale of assets in Russia and favourable market conditions caused by the oil price crash.

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Coal is a key aspect of this long-term growth strategy. In 2011, Gunvor purchased a stake in Keaton Energy Holding in South Africa, and also a 33% stake in the Signal Peak coal mine, which for the first half of 2012, was the highest producing longwall mine in the U.S.

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Indonesia's Indika Energy lifts stake in local coal producer ... which runs open-cut mining operations in East Kalimantan and last year produced 32.1 million tons of coal used in power plants ...

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Mining | Gunvor Group. Keaton Energy, in which Gunvor holds a significant stake, is a South African coal exploration, development and mining company whose shares are listed on the Johannesburg Stock Exchange It produces thermal coal for supply to .

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Montana Mine. In October 2011, Gunvor used its wholly owned U.S. subsidiary Pinesdale LLC to acquire a 33 percent stake in the Signal Peak coal mine in the western U.S. state of Montana for $400 ...

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Nov 23, 2014· Gunvor’s only U.S. interest is a one-third stake in a Montana coal mine. Trading Hubs. Gunvor’s Asian headquarters in Singapore, where it trades crude, petroleum products, coal…

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Nov 13, 2017· A year after Donald Trump was elected President on a promise to revive the ailing US coal industry, the sector’s long-term prospects for growth and …

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This story was co-published with The Financial Times. When Gunvor, one of the world's largest energy traders, invested $400 million in a troubled Montana coal mine, it looked like a promising deal ...

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Jan 22, 2013· Coal miner Kolmar, controlled by the billionaire founder of trader Gunvor, will plow money into its east Siberian coal fields to capture the Asian steel making market ahead of its Russian rivals ...

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In 2011, Gunvor purchased a stake in Keaton Energy Holding in South Africa, and also a 33% stake in the Signal Peak coal mine, which for the first half of 2012, was the highest producing long wall ...

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July 2011: Signal Peak Mine forced to halt mining after roof falls. The Signal Peak Mine coal mine near Roundup was closed by federal Mine Safety and Health Administration in late July 2011 after the mine experienced three falling roofs. Several days later the mine was allowed to resume some operation while the roof was fixed.

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Nov 23, 2014· Billionaire Tornqvist Pivots to Asia Amid Gunvor Russian Retreat ... coal and iron ore. ... seven months after the Swedish billionaire agreed to buy the 44 percent stake of fellow Gunvor …

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Billionaire Tornqvist Pivots to Asia Amid Gunvor Russian Retreat ... pipelines and a stake in a coal mine. Gunvor’s only U.S. interest is a one-third stake in a Montana coal mine. Gunvor’s ...

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Fuel wars: Chevron SA’s door ‘open’ to Glencore, Chinese risk being left out 2nd October 2017 2nd October 2017 by Gareth van Zyl JOHANNESBURG — After it lost its Optimum Coal Mine to the Guptas amid controversial political pressure, Glencore seems to …

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Aug 05, 2012· Lump of Coal: Promising Mine Deal Hits Headwinds Gunvor, co-owned by a Russian tycoon, bought into a Montana coal mine and doubled production. But falling coal prices and a …

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Torbjorn Tornqvist, Chairman and Founder of Gunvor, added, "This deal marks our first entry into Russian coal mining and we are delighted to be able to play a major part in the development of ...

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LONDON, Aug 8 (Reuters) - Energy trader Gunvor is considering selling equity stakes in the U.S. Signal Peak coal mine, after approaches by several Asian end users, a senior company executive said. "We have a profitable bituminous coal mine with the lowest cash costs in the U.S. and long-term port capacity - two important criteria for U.S. coal ...

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Russian energy trader, Gunvor, has outlaid $400 million to take a 33% stake in the Signal Peak coal mine in Montana, United States. ­The move will see Gunvor join First Energy Corporation and Boich as shareholders in the mine, which is valued at about $1.5 billion, including debt.

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Vaalkrans - Coal Mine in Vryheid, KwaZulu-Natal, South Africa. MBendi's listing for Vaalkrans, Coal Mine, located in Vryheid, KwaZulu-Natal, South Africa, provides the following information: Description, General Information,...

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Most of the coal produced from Moabsvelden would be supplied to Eskom. There had been no discussion on pricing with the South African utility at this stage, said Glad. Gunvor’s 34.99% stake in Keaton Energy is just below the trigger for a mandatory offer to minority shareholders in Keaton.

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Jul 17, 2013· cOAL MINING • Signal Peak (United States): Gunvor has a 33 percent ownership stake in the Signal Peak (Bull Mountain Mine No. 1) coal mine in Montana through its wholly-owned U.S. subsidiary Pinesdale LLC. The Ohio-based Boich Group and utilities company First Energy Ltd. each own 33 percent of this entity.

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Through our U.S. subsidiary, Pinesdale LLC, Gunvor holds a significant stake in Signal Peak Energy. This is a high Btu thermal coal mine with an extensive 30 year coal …

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