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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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Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over ...
Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...
Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...
Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...
Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
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