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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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Thursday, 10 September 20
U.S. COAL PRODUCTION IN 2020 TO BE 511 MMST, 28 PER CENT LOWER THAN IN 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 511 million short tons (MMst), 194 MMst (28%) lower than in 2019. Mitigation efforts related t ...
Thursday, 10 September 20
DRY BULK SHIPPING: CHINA'S DEMAND KEEPING THE DRY BULK MARKET GOING - PETER SAND | BIMCO
Overview
An impressive recovery in Chinese dry bulk imports has protected the industry from the effects of falling demand in the rest of the wo ...
Thursday, 10 September 20
TANKER SHIPPING: FREIGHT RATES BACK AT LOSS-MAKING LEVELS AFTER 12 VERY PROFITABLE MONTHS - BIMCO
Overview
A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil product ...
Thursday, 10 September 20
INDIA'S COAL IMPORTS STUMBLE IN AUGUST, RAISING RISK OF SLOW RECOVERY - REFINITIV | BANCHERO COSTA
After posting a mild recovery in July, India's coal imports have stumbled in August as the South Asian nation battles to restart it ...
Thursday, 10 September 20
THE FIRST 8 MONTHS OF 2020, INDONESIA EXPORTED 217.4 MLN TONNES OF COAL BASED ON REFINITIV - BANCHERO COSTA
The coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand  ...
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- Mercator Lines Limited - India
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- The University of Queensland
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- Kalimantan Lumbung Energi - Indonesia
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- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
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- CNBM International Corporation - China
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- Anglo American - United Kingdom
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- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
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- The Treasury - Australian Government
- Thai Mozambique Logistica
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- Minerals Council of Australia
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- Sinarmas Energy and Mining - Indonesia
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- Australian Coal Association
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- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- TNB Fuel Sdn Bhd - Malaysia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
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- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
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- White Energy Company Limited
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- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
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- Ministry of Mines - Canada
- Mjunction Services Limited - India
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- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
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- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
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- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Planning Commission, India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
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- Binh Thuan Hamico - Vietnam
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
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- Global Business Power Corporation, Philippines
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- Bangladesh Power Developement Board
- Parliament of New Zealand
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- European Bulk Services B.V. - Netherlands
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- Mercuria Energy - Indonesia
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- Bukit Baiduri Energy - Indonesia
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- Romanian Commodities Exchange
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- Indogreen Group - Indonesia
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- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
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- VISA Power Limited - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
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- Thiess Contractors Indonesia
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- The State Trading Corporation of India Ltd
- Economic Council, Georgia
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- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
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- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
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