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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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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Madhucon Powers Ltd - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
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