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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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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- Pipit Mutiara Jaya. PT, Indonesia
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- The Treasury - Australian Government
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- Chamber of Mines of South Africa
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- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
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- Central Electricity Authority - India
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- Orica Mining Services - Indonesia
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- White Energy Company Limited
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
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- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
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- South Luzon Thermal Energy Corporation
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- Africa Commodities Group - South Africa
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- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
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- Samtan Co., Ltd - South Korea
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- MS Steel International - UAE
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- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
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- Goldman Sachs - Singapore
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- Indo Tambangraya Megah - Indonesia
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- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
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- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
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- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
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- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
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- Standard Chartered Bank - UAE
- Parliament of New Zealand
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- Bahari Cakrawala Sebuku - Indonesia
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- Mintek Dendrill Indonesia
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- IHS Mccloskey Coal Group - USA
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- Planning Commission, India
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- SMG Consultants - Indonesia
- Eastern Energy - Thailand
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- Barasentosa Lestari - Indonesia
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- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
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- Economic Council, Georgia
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- Holcim Trading Pte Ltd - Singapore
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- Thiess Contractors Indonesia
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