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Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million through the issue of new shares to Indonesian coal company PT Bayan Resources Tbk.
Bayan, which will emerge with a 57% stake in the Australian company as a result of the deal, also signed a memorandum of understanding to immediately start managing all of Kangaroo Resources' Indonesian coal operations. The arrangements are subject to due diligence, shareholder and regulatory approval, Kangaroo Resources said in a statement.
Together with Kangaroo Resources' other Indonesian coal assets, which include the 100%-owned Mamahak coking coal project now in production, the Tanur Jaya thermal coal project and the GPK thermal coal project, this latest purchase, “will reposition Kangaroo Resources as a world-scale Indonesian coal producer,“ it said.
Bayan has a market capitalisation of US$4.5 billion, total coal resources of more than 1 billion metric tons and reserves of 500 million tons in eight mining concessions in East and South Kalimantan, and is a major participant in the Indonesian coking and thermal coal markets, Kangaroo said.
Bayan is targeting 2010 coal sales of 12 million tons for nearly US$1 billion in revenues and US$150 million in earnings before interest, tax, depreciation and amortization. The Pakar project has total coal resources of 3.8 billion tons and reserves of 116 million tons.
Kangaroo has been earning a 49% stake in the Tanur Jaya concession--one of the nine concessions within the Pakar Project--over the past 12 months and this position will now be incorporated into the overall 99% interest that Kangaroo is buying in the Pakar project. In addition to its mines, Bayan owns the Balikpapan Coal Terminal, one of the largest coal terminals in Indonesia with a handling capacity of 15 million tons a year.
Source : Kompas / Newsterupdate
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Friday, 06 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...
Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies
The Department of Energy’s call for a moratorium on ...
Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms
Foreign investors will face higher-than-usual risks ...
Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- The University of Queensland
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
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