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
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 27 October 20
PLN STILL REFUSING TO ADAPT, A MOVE WHICH WILL HURT INVESTORS, CONSUMERS, AND THE GOVERNMENT PURSE - IEEFA
Utility’s latest planning report locks PLN into the past PLN would be better served restructuring its business to address the current en ...


Monday, 26 October 20
'LONG ASCENT' TO RECOVERY OF GLOBAL GROWTH - BALTIC EXCHANGE
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s lat ...


Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...


Friday, 23 October 20
WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY? - WOOD MACKENZIE
The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...


Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...


   149 150 151 152 153   
Showing 751 to 755 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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