We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
.jpg) Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boost its stakes ownership in Indonesia's third largest coal mining producer PT Kideco Jaya Agung from currently 46% to above 50%.
Business newspaper namely Bisnis Indonesia today reports Indika plans to buy additional stakes from another shareholder Korea's Samtan Co Ltd which currently owns 49% stakes in Kideco.
A source familiar with the matter said Samtan is now in talks with Indika about a possible disposal of Kideco. Samtan has proposed a sale offer of Kideco to Indika, which owns first rights of refusal. When Indika is not interested to buy Kideco, Samtan can offer the stakes to the other potential buyers.
According to my source, Samtan has invested in Kideco for long time. "For Samtan, Kideco is like a baby. So, why does Samtan sell Kideco?" the source said.
At the end of March 2010, Kideco produced 6.9 million tons of coal with overburden removal of 44.8 million bcm. Kideco's strip ratio reached 6.49.
Kideco has bought equipments such as dump trucks, excavator, and the others. It has improved crushing plant and loading facilities. Kideco has initiated development of Samarangau pit which has the largest coal reserves at Kideco's concession area. Samarangau is estimated to have coal resouces of 694 million tons and 348 million tons of coal reserves.
In a morning notes published by Mandiri Sekuritas today, should Samtan sell Kideco to Indika, it would be positive for Indika to enhance value at operating level given that Kideco will now be consolidated in the books, should it acquire majority ownership.
Currently, Indika’s has 46% stakes, while Korea’s Samtan Co Ltd owns 49% and the remaining 5% is held by Muji Inti Utama.
This year it aims to produce some 30 million tons (+21%). Kideco has consistently achieved or outperformed its production targets since 1993, when it started commercial production and is looking to expand capacity to 40 million tons of coal by end of 2010.
Kideco’s contribution, recognized currently as other income (below operating level) in Indika’s books historically contributes close to over 90% of Indika’s net income. "We have not incorporated this in our forecast as the stock currently trades at PER10F of 13.3x."
Source: Insider Stories
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
Tuesday, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
|
|
|
Showing 5816 to 5820 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Australian Coal Association
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
|
| |
| |
|
