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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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Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
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- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- MS Steel International - UAE
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
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