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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, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
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- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
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- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
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- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
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- Kalimantan Lumbung Energi - Indonesia
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- Australian Commodity Traders Exchange
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- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
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- The University of Queensland
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- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
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- Electricity Authority, New Zealand
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- European Bulk Services B.V. - Netherlands
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- Merrill Lynch Commodities Europe
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- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
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- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
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- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
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- ASAPP Information Group - India
- Indonesian Coal Mining Association
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- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
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- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
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- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Energy Development Corp, Philippines
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- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
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- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
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- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
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