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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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Mercator Lines Limited - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
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