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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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Friday, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...
Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...
Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...
Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
Reuters reported that, BHP Billiton Ltd will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the pr ...
Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
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Showing 6691 to 6695 news of total 6871 |
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- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Interocean Group of Companies - India
- The University of Queensland
- McConnell Dowell - Australia
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
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