Cement News tagged under: auction

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Kigali Cement plant auction postponed

26 September 2018, Published under Cement News

The auctioning of Kigali Cement’s plant in Nyarugenge, Rwanda, has been postponed, allowing more time for talks between the involved parties. The sale was being made to allow the company to pay its creditors, Rwanda Enterprise Investment Company (REIC). However, Kigali Cement and REIC have now agreed to hold talks, according to Aloys Bizimana, court baliff in charge of the auction. "We can postpone one, two or three times but we cannot continue [to postpone the auction] forever. We have ...

Kigali Cement plant to go under auction

24 September 2018, Published under Cement News

Kigali Cement plant will again go under the auction hammer tomorrow, Tuesday, when owner Athi River Mining Cement Ltd (ARM) looks to see the plant meet its valuation. Located in Gitikinyoni area of Nyarugenge district of Rwanda, the grinding plant has a cement capacity of 0.1Mta. Bidders failed to meet the valuation of the plant in the previous auction. "The only bid RWF100m (US$113m) and it was rejected because it was far lower then the 70 per cent of the RWF1.27m, the market value of the...

Coal India notifies coal e-auction

22 June 2018, Published under Cement News

India’s cement producers, along with other sectors such as the captive power industry, will be able to take part in the fourth auction round of coal linkages, Coal India Ltd (CIL) announced. Some 57Mt of coal were put on offer in the three previous rounds that have taken place since June 2016. The auction is conducted by MSTC Ltd. The entire process of allocating linkages in this way is the result of a decision taken by the India’s Cabinet Committee on Economic Affairs two years ago. The...