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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$28.6 million in escrow account which will be drawn down maximum in the next 12 months based on shares sale agreement.
In January 2010, Mandira Sanni Pratama was controlling share holder of a wounded sea transportation company PT Arpeni Pratama Ocean Line Tbk (APOL), while PT Ayrus Prima owned 21.04% stakes, Morgan Stanley & Co held 9,81%, and Melon S/A Cundill Recovery FD owned 8.30%, DEG 8.67%, and public holders held the remaining.
Source: Insider Stories
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
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- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
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- SMC Global Power, Philippines
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- White Energy Company Limited
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
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- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
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- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
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- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
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