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Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million through the issue of new shares to Indonesian coal company PT Bayan Resources Tbk.
Bayan, which will emerge with a 57% stake in the Australian company as a result of the deal, also signed a memorandum of understanding to immediately start managing all of Kangaroo Resources' Indonesian coal operations. The arrangements are subject to due diligence, shareholder and regulatory approval, Kangaroo Resources said in a statement.
Together with Kangaroo Resources' other Indonesian coal assets, which include the 100%-owned Mamahak coking coal project now in production, the Tanur Jaya thermal coal project and the GPK thermal coal project, this latest purchase, “will reposition Kangaroo Resources as a world-scale Indonesian coal producer,“ it said.
Bayan has a market capitalisation of US$4.5 billion, total coal resources of more than 1 billion metric tons and reserves of 500 million tons in eight mining concessions in East and South Kalimantan, and is a major participant in the Indonesian coking and thermal coal markets, Kangaroo said.
Bayan is targeting 2010 coal sales of 12 million tons for nearly US$1 billion in revenues and US$150 million in earnings before interest, tax, depreciation and amortization. The Pakar project has total coal resources of 3.8 billion tons and reserves of 116 million tons.
Kangaroo has been earning a 49% stake in the Tanur Jaya concession--one of the nine concessions within the Pakar Project--over the past 12 months and this position will now be incorporated into the overall 99% interest that Kangaroo is buying in the Pakar project. In addition to its mines, Bayan owns the Balikpapan Coal Terminal, one of the largest coal terminals in Indonesia with a handling capacity of 15 million tons a year.
Source : Kompas / Newsterupdate
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Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
Wednesday, 12 January 11
BULKER DELIVERIES WEIGHING IN ON FREIGHT RATES KEEPING SENTIMENT ON A NEGATIVE MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A flurry of new buildings still hitting the water has caught up for good with the freight market, with capesizes unable to weather the storm. With r ...
Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing las ...
Tuesday, 11 January 11
DRY BULK MARKET REACHES NEW LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s benchmark index, the Baltic Dry Index (BDI) lost further ground in the beginning of the week, following the trend of the ...
Monday, 10 January 11
MINING INVESTMENT TARGET TOO LOW - TEMPO INTERACTIVE
TEMPO Interactive reported that, the Indonesian Mining Association’s executive director, Priyo Pribadi, believes the government’s invest ...
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- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Australian Coal Association
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- PTC India Limited - India
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
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