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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, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...
Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...
Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...
Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...
Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
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- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
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