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Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
 The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to deal with the future of its business there.
A source said the sale was a result of cabotage laws in Indonesia and the current trend where large coal mines were moving to take control of the logistics of shipping coal.
The buyer, said to be involved in the coal business, would become a strategic partner for Scomi Marine’s business in Indonesia.
“A big boy in the business is coming in,” said the source.
The marine logistics business of Scomi Marine primarily involves the transportation and provision of logistics support for major coal producers in Indonesia.
According to its annual report, the company carried almost 28 million tonnes of coal in 2009, 3% lower than in 2008 due to the slowdown in coal demand.
Scomi Marine yesterday halted trading in its stock on Bursa Malaysia until the close of trading on Tuesday.
The company said in a filing the suspension of trading was to facilitate a material corporate exercise involving a substantial transaction which would entail the disposal of certain subsidiaries of the company.
No further details were given. The stock closed up 2.5 sen yesterday at 43 sen after surging nearly 18% this week.
Scomi Marine has an 80.54% stake in PT Rig Tenders Indonesia Tbk, a company listed on the Jakarta Stock Exchange.
According to its website, Rig Tenders is involved in the chartering of tugs and barges to transport coal and other bulk aggregates as well as chartering of supply vessels, work-over and accommodation barges to support the offshore oil and gas industry.
Rig Tenders currently owns and operates a fleet of 53 vessels consisting of 10 supply vessels, 25 tug boats, two accommodation/work-over barges, nine flat-top barges and seven self-discharging barges. It has 491 personnel, including 437 contractual workers.
For its first quarter ended March 31, Scomi Marine’s net profit nearly doubled to RM21.9mil from RM11.1mil in the previous corresponding period.
Revenue was marginally lower at RM102.8mil compared with RM110.4mil previously.
In April, Scomi Marine completed the sale of a 29.07% stake in Singapore-listed CH Offshore Ltd for S$143.5mil, which saw the company make a gain of RM161.9mil.
Source: The Star online (By JAGDEV SINGH SIDHU )
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Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
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- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Planning Commission, India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
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