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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, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- Salva Resources Pvt Ltd - India
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- Africa Commodities Group - South Africa
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- Wilmar Investment Holdings
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
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- Antam Resourcindo - Indonesia
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- IEA Clean Coal Centre - UK
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- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
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- Eastern Energy - Thailand
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- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
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- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
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- Parry Sugars Refinery, India
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- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
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- PTC India Limited - India
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- Bayan Resources Tbk. - Indonesia
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- CNBM International Corporation - China
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
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- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- The University of Queensland
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
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- Australian Commodity Traders Exchange
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- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Planning Commission, India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
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- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
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- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
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- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Minerals Council of Australia
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- Jorong Barutama Greston.PT - Indonesia
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- Power Finance Corporation Ltd., India
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- Attock Cement Pakistan Limited
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- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
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- Bukit Makmur.PT - Indonesia
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- Tata Chemicals Ltd - India
- White Energy Company Limited
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
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- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
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- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
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