We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Monday, 23 March 09
STRAITS TO SELL STAKE IN COAL ASSETS TO PTT -THEAUSTRALIAN.NEWS.COM
STRAITS Resources will sell a 60 per cent stake in its Indonesian coal assets to Thailand's PTT International Co. for $US335 million.
The transa ...
Monday, 23 March 09
BMA TAKES 60 PCT CUT IN JAPAN COKING COAL PRICE-CITI - REUTERS
BHP Billiton Mitsubishi Alliance (BMA), the world's top coking coal exporter, has agreed to accept a discount of around 60 percent for the steel-ma ...
Sunday, 22 March 09
SHENHUA ENERGY'S 2009 COAL PRODUCTION MAY GAIN 8% - BLOOMBERG
China Shenhua Energy Co., the nation’s biggest coal producer, may increase production of the energy fuel by about 8 percent this year, slower ...
Friday, 20 March 09
INDONESIA ORDERS TEMPORARY HALT AT BAYAN COAL MINE - REUTERS
Indonesia has ordered a coal mining unit of PT Bayan Resources to temporarily stop production for operating outside approved areas, a government off ...
Friday, 20 March 09
COKING-COAL PRICE STRUCK AT $115-$125, CITIGROUP SAYS - BLOOMBERG
BHP Billiton Ltd., the world’s largest miner, agreed with Nippon Steel Corp. to benchmark coking coal prices of $115 to $125 a metric ton, Cit ...
|
|
|
Showing 6831 to 6835 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
|
| |
| |
|