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 : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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