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

Thursday, 12 March 09
ANALYSIS-FIRST NEW JAPAN COAL DEAL MAY NOT SET BENCHMARK - FOREXPROS.COM
* Informal coal-deal practice may come to an end this year * Buyers expected to ask for a discount * Biggest losers may be Chinese coal suppli ...


Thursday, 12 March 09
DEPARTMENT RECEIVES REPORT FROM GEOLOGICAL BODY AND NEDO - ESDM
The Geological Body of the Department of Energy and Mineral Resources have presented their Joint Study on Evaluation of Coal Resources and Reserves ...


Wednesday, 11 March 09
TENAGA SHARES CLIMB AS LOWER COAL PRICES CUT COSTS - BLOOMBERG
Bloomberg reported that, Tenaga Nasional Bhd., Malaysia’s state-controlled utility, climbed the most in a month in Kuala Lumpur trading as coal ...


Wednesday, 11 March 09
POSCO WINS 63% CUT IN PULVERIZED COAL PRICES, MACQUARIE SAYS - BLOOMBERG
Bloomberg reported that, Posco, Asia’s third-biggest steelmaker, has settled the first pulverized coal contracts for 2009 at $90 a metric ton ...


Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM
Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need ...


   1368 1369 1370 1371 1372   
Showing 6846 to 6850 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 ...

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