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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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Sunday, 10 September 23
CHINA AUGUST COAL IMPORTS OF 44.3 MLN T HIT RECORD - REUTERS
China, the world’s top coal consumer, imported 44.3 million metric tons of the fuel last month, customs data showed, the highest amount in an ...
Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
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- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Thai Mozambique Logistica
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