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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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Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
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- SMC Global Power, Philippines
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
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