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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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Tuesday, 30 June 09
ARCELORMITTAL, RIO, 8 OTHERS VIE FOR COAL INDIA MINES
Coal India Ltd. short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal ...
Monday, 29 June 09
INDONESIA PLANS 20 PCT FOREIGN MINING SALE LAW
Indonesia plans to require foreign investors in mining firms to gradually divest shares starting from the fifth year of commercial production, but m ...
Monday, 29 June 09
CHINA ENJOYS STABLE COAL ECONOMY IN THE FIRST FIVE MONTHS OF 2009
In the first five months of the year, China's raw coal production had continued to rise, and coal market stayed in a balance in terms of supply-dem ...
Monday, 29 June 09
GOVERNMENT FINE TUNES MINING LAW
The government is planning to require all foreign-owned mining companies to divest 20 percent of their businesses to local entities after five years ...
Sunday, 28 June 09
INDIA CEMENTS TO INVEST RS 1,500 CR OVER 2 YEARS
Chennai-based India Cements is planning to invest around Rs 1,500 crore over the next two years for setting up a greenfield project in Rajasthan, po ...
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- The University of Queensland
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
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