RBI
Monthly Index
RBI Rate as on
17
September 2010 is $85.00
(almost 2.8 down during past 3 weeks).
RBI as
on 31 Dec $115.50 (gone up a lot due to Coal
Demands)
RBI
Weekly Index
| 31-Dec-2010 |
126.85 |
| 24-Dec-2010 |
121.23 |
Wanted Urgently
for Buyers with Proof of Funds: A Grade FOB Richards
Bay at RBI +3.5% -
50 000
Metric tons and more
wanted
(Sellers must have rail and Slots).
If you can help please contact
Louis on 079 872 3339 or email
louis@listall.co.za
|
Wanted
-
100 000
to 150 000 A Grade Coal at FOB, RBI + 3.5%
-
Duff
coal wanted for 4 Buyers (Ash 22%, CV 22%) Specs
can vary!
-
Wanted B
Grade FOB Richards Bay
-
Wanted
Operational Coal Mines
-
Wanted
Chrome at reasonable prices for serious buyers
-
Wanted
Operational Manganese mines with off take
agreements (50 000 to 100 000 p.m.)
-
GOLD
wanted-Nuggets and Gold Dust -SA Buyer
(refinery) is ready to buy!
|
|
On Offer
-
150 000
SPOT A Grade Available in RBCT -PLUS Contract - Asking price
RBI + 3.5%
-
Large
Diamond Buyers wanting to buy legal Diamonds
with all paperwork in place
-
Chrome 5 000 and 10 000 tons per month
-
500 000 A grade FOB at RBI +3.5%
|
|
MINES FOR
SALE
We have various Coal Mines For Sale in South
Africa. Open Cast, Underground, Brownfields,
Greenfields and Operational. All grades of Coal from
Coking to C-Grade.
Joint Ventures, International, National, BEE
and Full Buyouts
Call right now to
arrange more info,
POP and POF, TTM's
If interested
please send an email
to
minebuyers@sance.co.za
|
We
can currently provide A Grade Coal ex
USA.....
A Grade Up to 1
Million tons available per month at $80 US
FOB including $1 commissions
"Incoterms 1990" All contracts and
documentation used should preferably refer to the
Phrase "
Incoterms 2000".
Feel free to click on
the link to view definitions of Terms Frequently
used.
This is a fresh update of Coal,
Slots, Mines and other Minerals currently available
from us
Please
complete our master
NCNDA
Coal Update
To Sell "A"
Grade Coal for export you need:
POF - Proof of Funds and
POP - Proof of Product
which must include the following 4 items
at the very least
i) Slots at RBCT or
Maputo
ii) TRF rail numbers
iii) Recent SGS or
SABS Quality reports
iv) A Sellers Mandate
letter from the Board of the mine that you may sell
their coal
(SGS Quantity report
will also be needed if
a SPOT Transaction)
Too many guys are
running around in SA claiming to have POP or POF in
place.
It seems as if most do
not have a clue what the minimum requirements are
(please check the minimum requirements above again).
You may have 1 million
tons of coal to sell, but without slots, the deal
simply cannot work.
You must make sure
everything is in place.
Confidentiality
Sellers and Buyers
are normally not prepared to show you their funds
or product to agents.
This is for fear of
"brokers" making copies of their documents and
running around with it.
So how can we make sure
Buyers and Sellers come to the Final TTM with
everything needed?
They should sign and
agree to the terms of the agreement before the
appointment is confirmed.
In this agreement they
agree to pay the Business arranging the meeting,
a R50 000 penalty
payment if they do not produce full POP or POF, or
do not pitch for the confirmed meeting.
If they are not prepared
to sign such a penalty agreement, they probably do
not have the POP or POF and you should consider not
wasting your time with them.
Some Brokers are
known to use the POF as leverage to get mines to
give them product.
If you go to a
meeting with such broker he will tell you that
he has POP in place before the meeting,
but when you get
there he has none, having wasted your time with
lies.
Unfortunately such
brokers loose their name very quickly and are
known by the other Commodity Brokers as fakes
and are
not to be trusted.
Consider the
following:
SA only export about 62 million tons of coal per
year (i.e.+- 5 million tons per month).
If you want to sell 500 000 tons A Grade, you
need to understand that it is a lot of coal and
our available SA infrastructures has limits in
its capacities. The major limitation in South
Africa is RAIL-not slots. Rail in SA can
currently handle around 64m tons while RBCT
alone can handle over 90m tons per annum.
Another
problem is Circumvention.
If another Broker has
been involved in helping you find Buyers or Sellers,
they should be included in commission agreements and
be paid accordingly.
If a person simply sends
you a name without being involved in the transaction
in any way, they should at least qualify for a once
off "referral commission"
(such intentions should be discussed with the
referring agent beforehand to prevent
circumvention and legal problems).
We are being paid to
Sell products and selling is tough (that's why sales
people are the highest paid in the World).
Referring Buyers or
Sellers is simple and easy!
No Slots?
We have quality
Coal available from the USA!
Why not sell
your Chinese or Indian Buyers this coal?
USA B Grade is
equal to South African A Grade (very high quality
steam coal)
The USA Coal is
A Grade which is in many ways better than SA A Grade.
ONE MILLION TONS South African A Grade available FOT
at $65 US - Buyers MUST have own rail and
OWN Slots!! Take note this is a FOT offer-Serious
Buyers only. High Quality Coal.
A Grade
Sellers?
Do you have FULL Proof of Product with
1) Proof Of Slots
2) Proof of Rail Numbers
3) Recent SGS Quality reports
(and Quantity reports for SPOT deals)
4) Signed original Mandate
document from the mine
for any amount of A
Grade Coal?
We do have the Buyers,
ready with their Proof of Funds and ready to sign
final contracts
Please contact us as
soon as possible on 079 872 3339 if you can assist.
A Grade USA-
1 Million ton per month A Grade available at $80 US
FOB ex USA -
NCNDA-USA
(Specs are available to
serious buyers)
SLOTS RBCT
We are urgently looking
for more slots at RBCT itself.
We are prepared to
"piggy back" on existing slot owner's slots!
Slot Buyers
Buyers need to provide
TRF (Transnet Rail Freight) numbers
Payment - first three
months payable in advance.
Buyers with Proof of
Funds (POF) welcome.
DRY Bulk Coal
slots available in Richards Bay Harbour at
$20 per ton including storage, services and
offloading charges.
Chrome
We have Chrome available
Ex Rustenburg and Steelpoort.
Chrome, Gold and
Diamonds
If you do have product
available or have willing and able Buyers, please let us know.
We will help where we can.We have willing
and able GOLD and DIAMOND buyers in place!
MINE BUYERS:
We have Buyers for Between R2.5 Billion and R3.3
Billion wanting Mines (especially Coal mines) very
urgently. Greenfields welcome but especially
Operational mines wanted.
If interested please send an
email to
minebuyers@sance.co.za
First steps from Buyers
1) Signed LOI
issued to LISTALL with full contact details (already
protected by signed NCNDA)
2) Proof of
Funds - POF (From Bank/Comfort Letter from
Lawyers, Accountants or Bank) or Letter of Credit
(LC)
Sellers must prove Product (POP)
1) FCO
2) SGS Quantity and
Quality reports (SGS-QQ)
3) RBCT Slot numbers
4) Mandate document from
mine giving the Seller permission to Sell the
products
5) Rail Numbers (TRF)
PLEASE NOTE:
ALL transactions are handled on a First one
to Prove Funds and sign Contracts basis.
Incoterms
2000 ,
NCNDA ,
Appointment-Agreement ,
NCNDA-USA ,
Check
Current RBI Rate ,
FOT&FOB ,
ICPO
(Irrevocable
Corporate Purchase Order),
NCNDA IMFPA ,
Difference between LC and BG ,
MT
760 ,
International Transactions
Procedures to Sell:
1. Buyers sends ICPO + Soft Probe or BCL,
NCNDA & IMFPA
2. FCO is Submitted to the Buyer
3. Buyer returns FCO signed and sealed with
destination port PLUS POF, addresses to the
Seller
4. Seller receives FCO and draft Contract to
the Buyer
5. Buyer receives and make amendments to the
draft Contract in red and return Contract to the
Seller
6. Seller receives and review draft Contract,
make amendments and approve Final Contract by
signing the Contract
7. Buyer receives Final contract, sign the
Contract and return a Copy to the Seller,
keeping one original copy
8. Both Buyers and Sellers lodge Contracts in
their respective Banks
9. Buyer's Bank sends to Sellers Bank MT760
conditioned with financial instruments as per
the contract.
10. Seller's Bank sends to Buyer's Bank the
POP plus 2% that will activate the Financial
instruments and Contract Delivery begins.
Wanted URGENTLY:
100 000 to 500 000 tons A Grade Coal per month FOB at
RBI +3.5% (standard Specs) in
South Africa
Please call Louis right
away if you can help or know where we can get product-It is very urgent please! Call Louis
Kearney on 079 872 3339 (email
louis@listall.co.za
)
|