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

Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...


Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...


Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...


Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...


Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...


   1361 1362 1363 1364 1365   
Showing 6811 to 6815 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 ...

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