We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 23 December 21
VALE ANNOUNCES THE SALE OF ITS COAL ASSETS
Vale informs that, on this date, it has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corridor for total proceeds of US$ 270 million, comprised of US$ 80 million at Closing and US$ 190 million from the existing business until Closing; plus a 10-year Royalty Agreement subject to certain mine production and coal price conditions. The Closing of the transaction is subject to the satisfaction of customary conditions precedent, including the approval of the Ministry of Mineral Resources and Energy of Mozambique pursuant to the Mining Law No. 20/2014, and the approval of the Government of Mozambique pursuant to the Concession Agreements for the change of control and antitrust. Vale is committed to work together with both Mozambique and Malawi governments to ensure a smooth transition to the new operator.
Divestment process
In early 2021, Vale announced its objective to no longer own coal assets, focusing on its core businesses and on its ambition to become a leader in low-carbon mining. Over the past 15 years, Vale has worked in partnership with Mozambique and Malawi governments in the implementation of the Moatize mine and NLC’s 912-km railway for coal transportation, in addition to the revamp of general cargo operations and passengers transportation. These investments represent a relevant legacy to the countries and are an important driver for local development. While conducting a responsible search process for an investor in the coal business, Vale continued to support the project’s ramp-up and its commitments to society and stakeholders.
I am pleased to announce this important step for the responsible divestment of Moatize and NLC, in a transaction that benefits the communities and governments where those operations are located and offering a sustainable future for the operations. This is another accomplishment on our commitment to reshape our company, focusing on our core businesses, said Eduardo Bartolomeo, Vale CEO.
Source: Vale
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 02 February 22
COAL STORAGE IN CHINA’S POWER PLANTS NEAR RECORD HIGHS - XINHUA
Coal inflows into China’s power plants have picked up, bringing their coal storage to near record highs, the National Development and Reform ...
Wednesday, 02 February 22
MARKET INSIGHT - INTERMODAL
Oil prices have rallied to the highest level since October 2014 breaking above $90/bbl recently. November 2014 was the point when OPEC unleashed pr ...
Monday, 31 January 22
HOW INDONESIA'S COAL EXPORT BAN COULD IMPACT INDIA - IEEFA
What does it mean for power generation and energy security?
Not long ago, India faced coal shortages due to a decline in domestic co ...
Sunday, 30 January 22
AIR PRODUCTS' COAL GASIFICATION PROPOSAL TRIGGERS LOOMING POLICY DISPUTES IN INDONESIA - IEEFA
Plan to substitute Indonesia’s LPG imports with dimethyl ether may be hard to realize due to conflicting business interests
In ...
Sunday, 30 January 22
ENDGAME FOR NEW COAL POWER PROJECTS? - IEEFA INDIA
Retired coal units must be replaced only by assets that can provide grid flexibility
Reportedly, an expert committee appointed by th ...
|
|
|
Showing 361 to 365 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Aditya Birla Group - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
|
| |
| |
|
