COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB

Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash.

ArcelorMittal SA, the South African unit of the world's No. 1 steel maker, has acquired a 16.3 percent stake in Coal of Africa Ltd. (CoAL) for 404.5 million rand ($44.98 million) in cash.

ArcelorMittal South Africa, the largest steel producer in Africa, said in a statement the purchase would help it secure its future coal needs, a key steel-making ingredient, mitigating one of the company's key variable input costs by acquiring the coal locally.

COAL is involved in exploration and development of thermal and metallurgical coal projects in South Africa.

Shares in CoAL jumped 5.5 percent on the news, and traded 3.1 percent higher at 6.55 rand by 1001 GMT, while ArcelorMittal South Africa's shares declined 4.12 percent to 79.13 rand, while the Top-40 index .JTOPI lost 1.86 percent.

As part of the transaction, ArcelorMittal South Africa has an option to enter into an off-take agreement with CoAL for the supply of 2.5 million tonnes of metallurgical (coking) coal annually, the company said.

ArcelorMittal South Africa last year purchased 5.2 million tonnes of coal, which makes it one of the largest input raw materials for the company.

The 16.3 percent stake makes ArcelorMittal South Africa CoAL's second largest shareholder after the 17.3 percent owned by Africa Management Limited, a company owned by black investors associated with the Mvelaphanda Group.

The price paid for the stake was based on the previous 15-day volume weighted average share price of CoAL on the Johannesburg Securites Exchange. To read more click
Mineweb 


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...


Saturday, 02 May 09
COAL PRICES TO RISE ON CHINESE SUPPLY, INDIAN DEMAND, UBS SAYS
Peter Hickson, an analyst with UBS AG in London, comments on prices for thermal coal, burned to generate power. He commented in a report today. & ...


Friday, 01 May 09
DEUTSCHE, BECKKETT CLAIMING ADARO WIN - THE JAKARTA GLOBE
Both Deutsche Bank AG and Beckkett, an investment firm controlled by Indonesian tycoon Sukanto Tanoto, claimed victory on Tuesday after Singapore&rs ...


Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philip ...


Wednesday, 29 April 09
BAYAN READY TO OPERATE WORLD'S LARGEST COAL QUALITY IMPROVEMENT FACILITY - MAJALAH TAMBANG
PT. Bayan Resources Tbk. (hereinafter referred to as Bayan), an Indonesian coal manufacturer, announced that they are ready to operate the world's ...


   1354 1355 1356 1357 1358   
Showing 6776 to 6780 news of total 6871
News by Category
Popular News
 
Total Members : 28,635
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Mitsui
  • CESC Limited - India
  • TNPL - India
  • Price Waterhouse Coopers - Russia
  • Barclays Capital - USA
  • Oldendorff Carriers - Singapore
  • Geoservices-GeoAssay Lab
  • Star Paper Mills Limited - India
  • Kideco Jaya Agung - Indonesia
  • Dalmia Cement Bharat India
  • Simpson Spence & Young - Indonesia
  • Therma Luzon, Inc, Philippines
  • The Treasury - Australian Government
  • Japan Coal Energy Center
  • Bhatia International Limited - India
  • Reliance Power - India
  • Alfred C Toepfer International GmbH - Germany
  • Wood Mackenzie - Singapore
  • Peabody Energy - USA
  • TeaM Sual Corporation - Philippines
  • Samtan Co., Ltd - South Korea
  • Gresik Semen - Indonesia
  • Jaiprakash Power Ventures ltd
  • Intertek Mineral Services - Indonesia
  • Mercator Lines Limited - India
  • Maersk Broker
  • BRS Brokers - Singapore
  • Independent Power Producers Association of India
  • GAC Shipping (India) Pvt Ltd
  • Russian Coal LLC
  • Mjunction Services Limited - India
  • Parliament of New Zealand
  • Meralco Power Generation, Philippines
  • Singapore Mercantile Exchange
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Eastern Energy - Thailand
  • Goldman Sachs - Singapore
  • Credit Suisse - India
  • International Coal Ventures Pvt Ltd - India
  • Sarangani Energy Corporation, Philippines
  • Deutsche Bank - India
  • Arutmin Indonesia
  • Sical Logistics Limited - India
  • Malco - India
  • Coastal Gujarat Power Limited - India
  • Adani Power Ltd - India
  • Timah Investasi Mineral - Indoneisa
  • Borneo Indobara - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Bank of China, Malaysia
  • Karbindo Abesyapradhi - Indoneisa
  • EIA - United States
  • PLN - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Kobe Steel Ltd - Japan
  • Indorama - Singapore
  • Coal India Limited
  • Ministry of Finance - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Orica Mining Services - Indonesia
  • Mechel - Russia
  • Electricity Generating Authority of Thailand
  • Coal and Oil Company - UAE
  • SUEK AG - Indonesia
  • Barasentosa Lestari - Indonesia
  • Indian School of Mines
  • NALCO India
  • Bhoruka Overseas - Indonesia
  • Clarksons - UK
  • Manunggal Multi Energi - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • San Jose City I Power Corp, Philippines
  • OCBC - Singapore
  • Vizag Seaport Private Limited - India
  • Humpuss - Indonesia
  • Planning Commission, India
  • Heidelberg Cement - Germany
  • Uttam Galva Steels Limited - India
  • Maybank - Singapore
  • DBS Bank - Singapore
  • Chamber of Mines of South Africa
  • World Coal - UK
  • Tata Power - India
  • GNFC Limited - India
  • Asia Cement - Taiwan
  • CoalTek, United States
  • APGENCO India
  • Formosa Plastics Group - Taiwan
  • Aboitiz Power Corporation - Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Essar Steel Hazira Ltd - India
  • Moodys - Singapore
  • Coalindo Energy - Indonesia
  • Ind-Barath Power Infra Limited - India
  • UBS Singapore
  • Mitra SK Pvt Ltd - India
  • McKinsey & Co - India
  • Baramulti Group, Indonesia
  • Total Coal South Africa
  • Indogreen Group - Indonesia
  • Minerals Council of Australia
  • Parry Sugars Refinery, India
  • ANZ Bank - Australia
  • Kartika Selabumi Mining - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Coeclerici Indonesia
  • Trasteel International SA, Italy
  • Iligan Light & Power Inc, Philippines
  • Glencore India Pvt. Ltd
  • Sindya Power Generating Company Private Ltd
  • Cebu Energy, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bangkok Bank PCL
  • Coaltrans Conferences
  • U S Energy Resources
  • GVK Power & Infra Limited - India
  • GB Group - China
  • New Zealand Coal & Carbon
  • MS Steel International - UAE
  • Argus Media - Singapore
  • Agrawal Coal Company - India
  • Sakthi Sugars Limited - India
  • Latin American Coal - Colombia
  • RBS Sempra - UK
  • ICICI Bank Limited - India
  • KPCL - India
  • SRK Consulting
  • Bharathi Cement Corporation - India
  • GMR Energy Limited - India
  • Salva Resources Pvt Ltd - India
  • Pinang Coal Indonesia
  • Tanito Harum - Indonesia
  • Inco-Indonesia
  • Britmindo - Indonesia
  • Jatenergy - Australia
  • Freeport Indonesia
  • Indika Energy - Indonesia
  • Mercuria Energy - Indonesia
  • globalCOAL - UK
  • Posco Energy - South Korea
  • JPower - Japan
  • Indonesian Coal Mining Association
  • PNOC Exploration Corporation - Philippines
  • Rudhra Energy - India
  • Xindia Steels Limited - India
  • Ministry of Mines - Canada
  • Thailand Anthracite
  • Rio Tinto Coal - Australia
  • Vale Mozambique
  • Maheswari Brothers Coal Limited - India
  • UOB Asia (HK) Ltd
  • Standard Chartered Bank - UAE
  • Banpu Public Company Limited - Thailand
  • Edison Trading Spa - Italy
  • Georgia Ports Authority, United States
  • Aditya Birla Group - India
  • Meenaskhi Energy Private Limited - India
  • The University of Queensland
  • MEC Coal - Indonesia
  • JPMorgan - India
  • Economic Council, Georgia
  • Semirara Mining Corp, Philippines
  • SASOL - South Africa
  • Port Waratah Coal Services - Australia
  • Australian Coal Association
  • bp singapore
  • TGV SRAAC LIMITED, India
  • Global Coal Blending Company Limited - Australia
  • Platts
  • Romanian Commodities Exchange
  • Ambuja Cements Ltd - India
  • Electricity Authority, New Zealand
  • Shenhua Group - China
  • Vedanta Resources Plc - India
  • Metalloyd Limited - United Kingdom
  • McConnell Dowell - Australia
  • Central Java Power - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Antam Resourcindo - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Malabar Cements Ltd - India
  • Krishnapatnam Port Company Ltd. - India
  • PowerSource Philippines DevCo
  • Pendopo Energi Batubara - Indonesia
  • Shree Cement - India
  • Power Finance Corporation Ltd., India
  • Qatrana Cement - Jordan
  • PLN Batubara - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Wilmar Investment Holdings
  • KEPCO - South Korea
  • Thriveni
  • Billiton Holdings Pty Ltd - Australia
  • ACC Limited - India
  • Siam City Cement - Thailand
  • Riau Bara Harum - Indonesia
  • BNP Paribas - Singapore
  • Australian Commodity Traders Exchange
  • OPG Power Generation Pvt Ltd - India
  • Larsen & Toubro Limited - India
  • Orica Australia Pty. Ltd.
  • Panama Canal Authority
  • Indo Tambangraya Megah - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • The India Cements Ltd
  • CNBM International Corporation - China
  • Cardiff University - UK
  • AsiaOL BioFuels Corp., Philippines
  • Marubeni Corporation - India
  • Noble Europe Ltd - UK
  • Merrill Lynch Commodities Europe
  • Videocon Industries ltd - India
  • IEA Clean Coal Centre - UK
  • IBC Asia (S) Pte Ltd
  • The State Trading Corporation of India Ltd
  • TANGEDCO India
  • Bahari Cakrawala Sebuku - Indonesia
  • VISA Power Limited - India
  • Tata Chemicals Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Maruti Cements - India
  • Samsung - South Korea
  • Energy Link Ltd, New Zealand
  • GHCL Limited - India
  • World Bank
  • Altura Mining Limited, Indonesia
  • Kumho Petrochemical, South Korea
  • White Energy Company Limited
  • Kalimantan Lumbung Energi - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Platou - Singapore
  • Medco Energi Mining Internasional
  • Asian Development Bank
  • Permata Bank - Indonesia
  • Lafarge - France
  • Attock Cement Pakistan Limited
  • Mintek Dendrill Indonesia
  • Infraline Energy - India
  • Carbofer General Trading SA - India
  • Gujarat Mineral Development Corp Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • Eastern Coal Council - USA
  • Ernst & Young Pvt. Ltd.
  • Runge Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • SMC Global Power, Philippines
  • Africa Commodities Group - South Africa
  • Bank of America
  • Kohat Cement Company Ltd. - Pakistan
  • Arch Coal - USA
  • Makarim & Taira - Indonesia
  • Renaissance Capital - South Africa
  • Chettinad Cement Corporation Ltd - India
  • Toyota Tsusho Corporation, Japan
  • Cement Manufacturers Association - India
  • CCIC - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Cemex - Philippines
  • Cargill India Pvt Ltd
  • Adaro Indonesia
  • Jindal Steel & Power Ltd - India
  • Thomson Reuters GRC
  • Petrosea - Indonesia
  • IMC Shipping - Singapore
  • Anglo American - United Kingdom
  • Madhucon Powers Ltd - India
  • Energy Development Corp, Philippines
  • Thiess Contractors Indonesia
  • Fearnleys - India
  • India Bulls Power Limited - India
  • ETA - Dubai
  • Petron Corporation, Philippines
  • Grasim Industreis Ltd - India
  • Vijayanagar Sugar Pvt Ltd - India
  • PetroVietnam
  • Coal Orbis AG
  • Karaikal Port Pvt Ltd - India
  • CIMB Investment Bank - Malaysia
  • HSBC - Hong Kong
  • Directorate Of Revenue Intelligence - India
  • Thermax Limited - India
  • J M Baxi & Co - India
  • Sree Jayajothi Cements Limited - India
  • SMG Consultants - Indonesia
  • Bhushan Steel Limited - India
  • Idemitsu - Japan
  • PTC India Limited - India
  • Sucofindo - Indonesia
  • Indian Energy Exchange, India
  • Directorate General of MIneral and Coal - Indonesia
  • Xstrata Coal
  • South Luzon Thermal Energy Corporation
  • PetroVietnam Power Coal Import and Supply Company
  • Siam City Cement PLC, Thailand
  • Miang Besar Coal Terminal - Indonesia
  • Gupta Coal India Ltd
  • Global Business Power Corporation, Philippines
  • Bangladesh Power Developement Board
  • Bulk Trading Sa - Switzerland
  • Mitsubishi Corporation
  • Semirara Mining and Power Corporation, Philippines
  • Maharashtra Electricity Regulatory Commission - India
  • Global Green Power PLC Corporation, Philippines
  • WorleyParsons
  • Cosco
  • GN Power Mariveles Coal Plant, Philippines
  • Berau Coal - Indonesia
  • KPMG - USA
  • Ince & co LLP
  • Enel Italy
  • KOWEPO - South Korea
  • Lanco Infratech Ltd - India
  • Kobexindo Tractors - Indoneisa
  • LBH Netherlands Bv - Netherlands
  • Indonesia Power. PT
  • ING Bank NV - Singapore
  • Vitol - Bahrain
  • Inspectorate - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Interocean Group of Companies - India
  • Surastha Cement
  • Leighton Contractors Pty Ltd - Australia
  • Thai Mozambique Logistica
  • Holcim Trading Pte Ltd - Singapore
  • Ministry of Transport, Egypt
  • Bukit Makmur.PT - Indonesia
  • Indian Oil Corporation Limited
  • Jorong Barutama Greston.PT - Indonesia
  • TRAFIGURA, South Korea
  • Deloitte Consulting - India
  • Kapuas Tunggal Persada - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • SGS (Thailand) Limited
  • Commonwealth Bank - Australia
  • Tamil Nadu electricity Board
  • Sojitz Corporation - Japan
  • Gujarat Sidhee Cement - India
  • Merrill Lynch Bank
  • SN Aboitiz Power Inc, Philippines
  • London Commodity Brokers - England
  • ASAPP Information Group - India
  • Core Mineral Indonesia
  • Kaltim Prima Coal - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • Savvy Resources Ltd - HongKong
  • Central Electricity Authority - India
  • NTPC Limited - India
  • EMO - The Netherlands
  • Kepco SPC Power Corporation, Philippines
  • IOL Indonesia