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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, 20 April 09
INDO TAMBANGRAYA 2009 OUTPUT TO GO UP 16% - THE JAKARTA POST
Indonesia's third largest coal producer, publicly listed PT Indo Tambangraya Megah (ITM), is targeting to raise production by 16 percent this year ...
Monday, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU
PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts re ...
Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives w ...
Monday, 20 April 09
INTERNATIONAL INVESTORS SEEK TO SELL ADARO STAKES - MONEY.CNN
Some international investors in PT Adaro Energy ( ADRO.JK) have approached other companies to sell around a combined 17% stake in the coal miner via ...
Friday, 17 April 09
BHATIA COAL INDIA, VITOL IN DISPUTE - COAL JUNCTION
Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitratio ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- The University of Queensland
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
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