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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, 03 June 10
INDO GOVERNMENT TRIES TO CALM BUSINESSES FEARS OVER FOREST - CLEARING MORATORIUM
The Jakarta Globe reported that, as producers of coal and palm oil continued to howl, the government on Tuesday offered reassurances that the develo ...
Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
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- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- White Energy Company Limited
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
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