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, 05 January 22
CHINA COAL FUTURES SURGE ON SUPPLY WORRIES AMID INDONESIA EXPORT BAN - REUTERS
China’s thermal coal futures surged by as much as 7.8per cent to kick off 2022 on concerns of supply disruptions after Indonesia, its biggest ...
Wednesday, 05 January 22
INDONESIA WARNS COAL SUPPLY CRUNCH NOT OVER AS CHINA PRICES RALLY - REUTERS
Indonesia has warned that its coal supply situation remains critical, ahead of Wednesday’s (Jan 5) review of its export ban, unnerving global ...
Tuesday, 28 December 21
INDIA'S ADANI NEARS FIRST COAL SHIPMENT FROM SHUNNED AUSTRALIAN MINE - REUTERS
India’s Adani Group ADEL.NS is preparing to ship the first coal cargo from Australia’s most controversial mine, after battling a seven- ...
Thursday, 23 December 21
COAL TO STAY AS MAJOR SOURCE OF ENERGY IN FORESEEABLE FUTURE: JOSHI - BUSINESS STANDARD
Coal will stay as a major source of energy in the foreseeable future as it is an affordable source of energy with substantial reserve, Parliament w ...
Thursday, 23 December 21
ANNUAL U.S. COAL-FIRED ELECTRICITY GENERATION WILL INCREASE FOR THE FIRST TIME SINCE 2014 - EIA
From December 20 through December 30, Today in Energy will feature some of our favorite articles from 2021. Today’s article was originally pu ...
|
|
|
Showing 376 to 380 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- VISA Power Limited - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
|
| |
| |
|