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Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), will accomplish acqusition of two coal mine companies in South Kalimantan in the second half this year.
Speaking after annual general shareholder meeting, United Tractors' Corporate Secretary Sarah Loebis said Pamapersada has completed due diligence for two mining companies. "We will close the acquisitiond deal in the second half this year," she said.
Pamapersada has entered into shares sale agreement on January 14 2010 in a bid to acquire 30% stakes in two coal mining companies namely PT Asmin Bara Bronang and PT Asmin Bara Jaan with shareholders of both companies PT Mandira Sanni Pratama and PT Andalan Teguh Berjaya.
Both coal mining companies own coal concession areas in Kapuas and Murung Raya, Central Kalimantan. The acquisition deal is worth US$40.1 million and Rp75 million.
In January 2010, Pamapersada has paid US$11.6 million in cash and put US$28.6 million in escrow account which will be drawn down maximum in the next 12 months based on shares sale agreement.
In January 2010, Mandira Sanni Pratama was controlling share holder of a wounded sea transportation company PT Arpeni Pratama Ocean Line Tbk (APOL), while PT Ayrus Prima owned 21.04% stakes, Morgan Stanley & Co held 9,81%, and Melon S/A Cundill Recovery FD owned 8.30%, DEG 8.67%, and public holders held the remaining.
Source: Insider Stories
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Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Planning Commission, India
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- ICICI Bank Limited - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
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