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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
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Thursday, 27 January 22
2022 - A YEAR OF REBALANCING FOR METALS AND MINING - WOOD MACKENZIE
If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, says Wood Mackenzie, a ...
Wednesday, 26 January 22
MARKET INSIGHT - INTERMODAL
While it is logical that most of the S&P reports of the first weeks of the year are linked to very limited activity as reflected in the weekly ...
Wednesday, 26 January 22
INDONESIA: DME PROJECT IS ECONOMICALLY VIABLE AS STUDY DEMONSTRATES
The government is encouraging downstream coal processing or increase in coal added value, for example by turning coal into Dimethyl Ether (DME) to ...
Wednesday, 26 January 22
COMMODITY PRICES COULD SOAR IF THE RUSSIA-UKRAINE CRISIS ESCALATES - ING
It appears that a number of commodity markets are starting to at least price in some geopolitical risk around the growing tension between Russia an ...
Wednesday, 26 January 22
INDONESIA'S COAL BAN SENDS PRICES SOARING, OTHER EXPORTERS FAIL TO STEP UP - REUTERS
Indonesia’s short-lived ban on exporting coal has sent ructions through the seaborne market for the fuel in Asia, with the fallout likely to ...
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- Parliament of New Zealand
- PTC India Limited - India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- White Energy Company Limited
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Sojitz Corporation - Japan
- Planning Commission, India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
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