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, 06 March 09
CHURCHILL STARTS REVERSE DRILLING AT INDONESIAN COAL PROJECT
Miningweekly reported that, Aim-listed minerals explorer Churchill Mining on Thursday stated that reverse drilling at its East Kutai coal project (E ...


Thursday, 05 March 09
UAE FUND PLANS INDONESIA COAL RAIL LINK
News.alibaba reported that, A United Arab Emirates' fund signed a memorandum of understanding on Monday (2 March 2009) with an Indonesian prov ...


Thursday, 05 March 09
CHINA COAL-PRICES LITTLE CHANGED DESPITE PLUNGE ABROAD
China's spot coal prices were little changed from a week earlier, despite the sharp fall in the international market, and demand for coal remains s ...


Thursday, 05 March 09
RAK TO BUILD COAL FIRED POWER STATION
The National Ras al Khaimah, which is developing a coal mine in Indonesia, will build a coal-fired power plant in the emirate in the next two years ...


Wednesday, 04 March 09
COAL: GLOBAL DEMAND WEAKENS
The Jakarta Post reported that, While coal prices were stickier on the way down compared to other commodities like oil, the Newcastle price now sugg ...


   1370 1371 1372 1373 1374   
Showing 6856 to 6860 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 ...

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