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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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Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct.
The BDI and Cape Size index was down ...
Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...
Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...
Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
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- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
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- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
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- The University of Queensland
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- MS Steel International - UAE
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- Mintek Dendrill Indonesia
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- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
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- Bhushan Steel Limited - India
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- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
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- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
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- Carbofer General Trading SA - India
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- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- VISA Power Limited - India
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- ICICI Bank Limited - India
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- Intertek Mineral Services - Indonesia
- Planning Commission, India
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- Pendopo Energi Batubara - Indonesia
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- Toyota Tsusho Corporation, Japan
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- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
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- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
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- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
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- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
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- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
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- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
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- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
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