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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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Monday, 23 March 09
STRAITS TO SELL STAKE IN COAL ASSETS TO PTT -THEAUSTRALIAN.NEWS.COM
STRAITS Resources will sell a 60 per cent stake in its Indonesian coal assets to Thailand's PTT International Co. for $US335 million.
The transa ...
Monday, 23 March 09
BMA TAKES 60 PCT CUT IN JAPAN COKING COAL PRICE-CITI - REUTERS
BHP Billiton Mitsubishi Alliance (BMA), the world's top coking coal exporter, has agreed to accept a discount of around 60 percent for the steel-ma ...
Sunday, 22 March 09
SHENHUA ENERGY'S 2009 COAL PRODUCTION MAY GAIN 8% - BLOOMBERG
China Shenhua Energy Co., the nation’s biggest coal producer, may increase production of the energy fuel by about 8 percent this year, slower ...
Friday, 20 March 09
INDONESIA ORDERS TEMPORARY HALT AT BAYAN COAL MINE - REUTERS
Indonesia has ordered a coal mining unit of PT Bayan Resources to temporarily stop production for operating outside approved areas, a government off ...
Friday, 20 March 09
COKING-COAL PRICE STRUCK AT $115-$125, CITIGROUP SAYS - BLOOMBERG
BHP Billiton Ltd., the world’s largest miner, agreed with Nippon Steel Corp. to benchmark coking coal prices of $115 to $125 a metric ton, Cit ...
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- Electricity Generating Authority of Thailand
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- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
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- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
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- ICICI Bank Limited - India
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Thiess Contractors Indonesia
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- Indonesian Coal Mining Association
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- Wilmar Investment Holdings
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- GVK Power & Infra Limited - India
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- Merrill Lynch Commodities Europe
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- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
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- IEA Clean Coal Centre - UK
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- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
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- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
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- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- The University of Queensland
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
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- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
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- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
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- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Aditya Birla Group - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Salva Resources Pvt Ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
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- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Mercator Lines Limited - India
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- Jindal Steel & Power Ltd - India
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- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
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- Star Paper Mills Limited - India
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- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
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