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19TH ANNUAL COALTRANS ASIA
2 - 5 June 2013
BICC, Bali, Indonesia
Coaltrans Conferences
6TH ANNUAL CBM CONFERENCE
18 - 21 June 2013
Singapore
IBC Singapore
IHS MCCLOSKEY COAL USA CONFERENCE 2013
19 - 21 June 2013
Westin Hotel, Time Square, New York
IHS McCloskey
10TH CLEAN COAL FORUM 2013
13 -14 June 2013
Beijing, China
China Decision Makers Consultancy (CDMC)
COAL BUYER - SUPPLIER MARKET IN INDIA
28 June 2013
Hotel The Imperial New Delhi, India
Infra Market India
LATIN AMERICA MINING CONFERENCE 2013
1 - 2 July 2013
Lima, Peru
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COAL MARKET IN INDIA - 2013
9 - 10 July 2013
New Delhi, India
IBK Media
MOZAMBIQUE COAL 2013
15 -16 July 2013
Maputo, Mozambique
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WORLD MINING & ENERGY EXPO
14 - 16 August 2013
Miami Airport convention Center, Miami FL
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2ND KALIMANTAN COAL
3 - 4 September 2013
Balikpapan, Indonesia
IBC Asia
NACALA INFRASTRUCTURE DEVELOPMENT CORRIDOR
2 - 5 September 2013
Pemba, Mozambique
IQPC South Africa
2ND CHINA INTERNATIONAL SHALE GAS SUMMIT
10-13 September 2013
Chengdu, China
Our Polaris
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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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Tuesday, 27 September 11
INTRACO SEALS US$25.3 MIO ORDER - INSIDER STORIES
Insider Stories reported that, Heavy equipment distributor PT Intraco Penta Tbk (INTA) obtained a US$25.3 million order on hand of heavy equipments ...
Sunday, 25 September 11
THE CHARTER RATES FOR INDONESIA TO INDIA WAS FIRM - VISTAAR
COALspot.com - The freight market moved up sharply with the cape Index up by 11 pct pushing the BDI by almost 6 pct and closing at 1,920 point ...
Saturday, 24 September 11
GOVT PLANS TO RENEGOTIATE ALL CONTRACTS INCLUDING FREEPORT - JP
The Jakarta Post reported that, the Energy and Mineral Resources Ministry has confirmed plans to renegotiate all mining contracts including those wi ...
Friday, 23 September 11
ICMA TO BUILD UPGRADE FACILITIES TO ANTICIPATE BAN ON LOW-GRADE COAL EXPORT BY 2014
COALspot.com - January to August of this year, Indonesia’s coal production had already reached 235 million tons. Earlier estimates had targete ...
Friday, 23 September 11
UT TO PRODUCE 7 MMT OF COAL BY 2012
PT United Tractors Tbk is targeting a 7 million tons of coal production next year, a 55.55% increase from 4.5 millions targeted this year, said Pres ...
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