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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
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Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...
Tuesday, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
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- Central Electricity Authority - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Parliament of New Zealand
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
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