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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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Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- Mjunction Services Limited - India
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- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
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- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
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- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
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- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
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- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
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- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
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- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Romanian Commodities Exchange
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
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- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
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