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Tuesday, 14 August 12
SAKARI SIGNS HEADS OF AGREEMENT TO ACQUIRE SIX COAL CONCESSIONS IN INDONESIA
COALspot.com - Sakari has signed a Heads of Agreement (HOA) to acquire a 100% interest in up to six IUPs, covering an area of over 29,000 hectares, located some 30km to the north of Sakari’s Jembayan Mine in East Kalimantan.
According to statement posted on company’s website, under the HOA, Sakari will undertake an exploration programme and due diligence review and, if the results from these activities prove satisfactory to Sakari, the acquisition will proceed to completion.
Drilling of the properties will start in August 2012 with preliminary results expected towards the end of the year.
Sakari has paid an initial, refundable cash deposit of US$2 million. If the transaction moves to completion, Sakari will pay an additional US$2 million in cash plus an equity component, which will be determined by reference to the results from the drilling programme and the number of IUPs to be acquired.
The total equity consideration is capped at US$60 million in value, should Sakari decide to acquire an interest in all the IUPs.
The statement further said that, the HOA is between PT Separi Energy, a subsidiary of Sakari Resources Limited, and Rudy Ong Chandra and Hairil Hasmy (Sellers). Under the HOA Separi Energy may acquire 100% of the shares in all or any of PT Sepiak Jaya Kaltim, PT Cahaya Bara Kaltim, PT Bunga Jadi Lestari and PT Anugerah Pancaran Bulan, the companies which own the exploration IUP’s.
The book value, net tangible asset value and open market value of the companies have not yet been determined and they have not yet commenced business.
About Sakari:
Sakari (SGX: SAR) is a coal company with a focus on supplying thermal coal to major power utilities and industrial users in Asia. Production from Indonesia in 2011 was 10.7Mt, making it one of the country’s largest thermal coal exporters.
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
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The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- MS Steel International - UAE
- Independent Power Producers Association of India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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