We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 27 February 09
WIKA TO ACQUIRE MINING COMPANY
The Jakarta Post reported that, Public listed state construction firm PT Wijaya Karya (Wika) is to acquire a mining contracting firm in the first se ...
Friday, 27 February 09
COASTAL ENERGEN INKS PACT WITH CHINESE FIRM FOR POWER EQUIPMENT
My Digital Fc reported that, Dubai-based Coal and Oil Group, which is setting up a 1,200MW thermal power plant in Tamil Nadu, has tied-up with China ...
Thursday, 26 February 09
GMR INFRA COMPLETES INDONESIAN BUY
Blonnet reported that, GMR Infrastructure Ltd today confirmed the acquisition of an Indonesian coal mining company for a consideration of $80 millio ...
Wednesday, 25 February 09
INDONESIAN GOVERNMENT TO REGULATE MINIMUM COAL SELLING PRICES
The Jakarta Post reported that, To complement the recent enactment of the new mining law, the government is preparing to introduce a coal pricing in ...
Thursday, 19 February 09
GEOTHERMAL ENERGY DOMINATES 10.000 MW POWER PROJECT - ESDM
The role of coal as a source of energy is superseded by geothermal energy to power the second phase of the 10.000 megawatt (MW) power plant project. ...
|
|
|
Showing 6861 to 6865 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
|
| |
| |
|
