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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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Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- The University of Queensland
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
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