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Friday, 13 October 17
INDIKA ENERGY SIGNS SHARE PURCHASE AGREEMENTS FOR AN ADDITIONAL 45% STAKE IN KIDECO
.jpg) PT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate Share Purchase Agreements in 2nd half of September 2017 with each of Samtan Co., Ltd. and PT Muji Inti Utama, respectively, to purchase 40.0% of PT Kideco Jaya Agung (“Kideco”) from Samtan and 5% of Kideco from Muji for an aggregate total consideration of US$677.5 million.
Kideco is third largest coal mine Indonesia and export its coal to around 12 countries worldwide KIDECO is producing more than 40 million tons of Medium calorific coal with very low sulfur content of 0.1% as well as a low ash content of 2.5%.
According to the company’s press release issued 2nd part of September, subject to fulfillment of terms and conditions, upon closing, Indika Energy will become the majority shareholder with 91% equity ownership and Samtan will retain a 9% stake. Indika Energy has built an integrated business portfolio in energy resources, services, and infrastructure. “With its substantial coal reserves, resources, and operational excellence, Kideco will continue to serve as Indika Energy's sustainable growth foundation. This transaction will further strengthen Indika Energy’s position in the energy business value chain,“ said Arsjad Rasjid, President Director and Group CEO of Indika Energy.
With the assumption of control of Kideco, Indika Energy will further enhance synergies within its group subsidiaries such as its contract mining company, PT Petrosea Tbk. and coal transportation and logistics company, PT Mitrabahtera Segara Sejati Tbk.
The transaction is expected to complete in the fourth quarter of 2017, subject to satisfactory fulfillment of the terms and conditions, as well as regulatory approvals set out in the Share Purchase Agreements.
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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.
...
Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
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Showing 16 to 20 news of total 6846 |
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- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
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