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

Wednesday, 01 April 09
COAL FIRMS' PROFITS NOT EXPECTED TO GROW IN '09 - - THE JAKARTA POST (ANALYSTS)
Despite their windfall profits in 2008, analysts doubt that PT Bumi Resources Tbk or any other coal firms will post profit growth this year, with pr ...


Tuesday, 31 March 09
DEUTSCHE BANK TO ADD COAL, GAS, SHIPPING IN COMMODITY EXPANSION - BLOOMBERG
Deutsche Bank AG, after quadrupling revenue from commodities in two years, plans to add coal, European natural-gas and shipping to its business, ant ...


Monday, 30 March 09
CHINA SHENHUA SAYS AGREES DOMESTIC COAL DEALS - REUTERS
Chinese coal mining giant China Shenhua Energy Co has agreed long-term contracts with some Chinese power producers, its President Ling Wen said on M ...


Sunday, 29 March 09
SHENHUA ENERGY 2008 NET RISES 29% TO RECORD ON PRICES - BLOOMBERG
China Shenhua Energy Co Ltd., the nation’s biggest coal producer, said profit rose 29 percent to a record in 2008 after it increased productio ...


Friday, 27 March 09
SOUTH AFRICAN COAL EXPORTS EXPECTED TO RISE IN 2009, BUT RAIL WILL DETERMINE BY HOW MUCH - MININGWEEKLY
South Africa has an expanding coal-export terminal, but an uncertain rail capacity. The mismatch is something South Africa cannot afford, given i ...


   1363 1364 1365 1366 1367   
Showing 6821 to 6825 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 ...

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