We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
|
|
|
Showing 6211 to 6215 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- The University of Queensland
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
|
| |
| |
|
