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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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Monday, 27 April 09
INDONESIA S.KALIMANTAN GETS COAL TRUCKS OFF PUBLIC ROADS - REUTERS
A local government in one of Indonesia's top coal-producing areas has banned coal and palm oil firms from using public roads because of the damage ...
Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
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- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- MS Steel International - UAE
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- The University of Queensland
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
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