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 : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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