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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
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Friday, 13 February 09
INDONESIA IS EXPECTED TO PRODUCE 225 MILLION TONES OF COAL IN 2009 - ENERGY MINISTRY
Indonesia, the world's top thermal coal exporter, will allocate 68.3 million tonnes of coal out of expected forecast production of 225 million ton ...
Friday, 06 February 09
INDONESIA'S COAL PORTS HAVE FORCED A RETHINK ON 'TRADITIONAL' HANDLING OPTIONS
Port Strategy reported that, Indonesia’s main coal-producing islands of Kalimantan, Sulawesi and Sumatra suffer from a scarcity of suitable la ...
Thursday, 22 January 09
MINISTER: MINING LAW PROHIBITS RAW MATERIAL EXPORT - ESDM
The Coal and Mining Law, approved during the House of Representatives plenary meeting on December 16, 2008 seeks to domestically increase mining com ...
Wednesday, 07 January 09
SOUTH KALIMANTAN COAL PRODUCTION EXPECTED TO INCREASE - ESDM
Coal production from the South Kalimantan region has the potential to increase in the next few years. Aside from the vast proven reserves of coal, s ...
Tuesday, 30 November 99
GLENCORE EXPECTS 2023 TRADING UNIT PROFITS OF UP TO $4 BLN - REUTERS
Glencore GLEN.L on Friday said it expects profits at its trading division this year of up to $4 billion, exceeding its long-term annual guidance.
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- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Economic Council, Georgia
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- The University of Queensland
- New Zealand Coal & Carbon
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
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