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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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Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
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- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
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