COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that,  Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...


Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...


Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...


Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...


Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...


   1113 1114 1115 1116 1117   
Showing 5571 to 5575 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • BNP Paribas - Singapore
  • Bhushan Steel Limited - India
  • UOB Asia (HK) Ltd
  • Noble Europe Ltd - UK
  • Xstrata Coal
  • Coeclerici Indonesia
  • Gujarat Sidhee Cement - India
  • Malabar Cements Ltd - India
  • Interocean Group of Companies - India
  • Cosco
  • Ambuja Cements Ltd - India
  • Petron Corporation, Philippines
  • Lanco Infratech Ltd - India
  • Shenhua Group - China
  • Karbindo Abesyapradhi - Indoneisa
  • NALCO India
  • Enel Italy
  • Jindal Steel & Power Ltd - India
  • The India Cements Ltd
  • Mitsui
  • India Bulls Power Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • Lafarge - France
  • International Coal Ventures Pvt Ltd - India
  • KPCL - India
  • Samtan Co., Ltd - South Korea
  • Globalindo Alam Lestari - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Bayan Resources Tbk. - Indonesia
  • Renaissance Capital - South Africa
  • Central Java Power - Indonesia
  • HSBC - Hong Kong
  • Eastern Energy - Thailand
  • Vale Mozambique
  • Georgia Ports Authority, United States
  • Gresik Semen - Indonesia
  • Bhatia International Limited - India
  • IBC Asia (S) Pte Ltd
  • Simpson Spence & Young - Indonesia
  • PowerSource Philippines DevCo
  • Global Green Power PLC Corporation, Philippines
  • Formosa Plastics Group - Taiwan
  • CESC Limited - India
  • Indogreen Group - Indonesia
  • TNPL - India
  • Karaikal Port Pvt Ltd - India
  • PLN - Indonesia
  • The University of Queensland
  • Mercuria Energy - Indonesia
  • Sucofindo - Indonesia
  • World Bank
  • Kobe Steel Ltd - Japan
  • TRAFIGURA, South Korea
  • Commonwealth Bank - Australia
  • Mercator Lines Limited - India
  • Bangladesh Power Developement Board
  • Baramulti Group, Indonesia
  • SMC Global Power, Philippines
  • Kepco SPC Power Corporation, Philippines
  • Platou - Singapore
  • Eastern Coal Council - USA
  • Indian School of Mines
  • New Zealand Coal & Carbon
  • Surastha Cement
  • IEA Clean Coal Centre - UK
  • Leighton Contractors Pty Ltd - Australia
  • DBS Bank - Singapore
  • Permata Bank - Indonesia
  • SUEK AG - Indonesia
  • RBS Sempra - UK
  • Vizag Seaport Private Limited - India
  • Cardiff University - UK
  • London Commodity Brokers - England
  • Posco Energy - South Korea
  • TNB Fuel Sdn Bhd - Malaysia
  • Medco Energi Mining Internasional
  • Geoservices-GeoAssay Lab
  • OCBC - Singapore
  • Berau Coal - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Petrosea - Indonesia
  • Port Waratah Coal Services - Australia
  • Merrill Lynch Commodities Europe
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • San Jose City I Power Corp, Philippines
  • Sarangani Energy Corporation, Philippines
  • ASAPP Information Group - India
  • Fearnleys - India
  • KOWEPO - South Korea
  • ANZ Bank - Australia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Cargill India Pvt Ltd
  • Rio Tinto Coal - Australia
  • CIMB Investment Bank - Malaysia
  • Mitra SK Pvt Ltd - India
  • Directorate Of Revenue Intelligence - India
  • Indorama - Singapore
  • Trasteel International SA, Italy
  • Romanian Commodities Exchange
  • Humpuss - Indonesia
  • Parry Sugars Refinery, India
  • Metalloyd Limited - United Kingdom
  • Coastal Gujarat Power Limited - India
  • Bank of America
  • European Bulk Services B.V. - Netherlands
  • Essar Steel Hazira Ltd - India
  • ING Bank NV - Singapore
  • Coal Orbis AG
  • Goldman Sachs - Singapore
  • Standard Chartered Bank - UAE
  • Qatrana Cement - Jordan
  • MEC Coal - Indonesia
  • EMO - The Netherlands
  • Attock Cement Pakistan Limited
  • Timah Investasi Mineral - Indoneisa
  • Bulk Trading Sa - Switzerland
  • Power Finance Corporation Ltd., India
  • Ministry of Mines - Canada
  • Bangkok Bank PCL
  • Africa Commodities Group - South Africa
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • South Luzon Thermal Energy Corporation
  • Australian Commodity Traders Exchange
  • Coal India Limited
  • Star Paper Mills Limited - India
  • Mjunction Services Limited - India
  • Cement Manufacturers Association - India
  • Coal and Oil Company - UAE
  • Chettinad Cement Corporation Ltd - India
  • Ind-Barath Power Infra Limited - India
  • Runge Indonesia
  • GNFC Limited - India
  • Panama Canal Authority
  • Gujarat Electricity Regulatory Commission - India
  • Shree Cement - India
  • McKinsey & Co - India
  • Asia Cement - Taiwan
  • Chamber of Mines of South Africa
  • Electricity Generating Authority of Thailand
  • Barasentosa Lestari - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Meenaskhi Energy Private Limited - India
  • Antam Resourcindo - Indonesia
  • PLN Batubara - Indonesia
  • Thai Mozambique Logistica
  • White Energy Company Limited
  • Sakthi Sugars Limited - India
  • IOL Indonesia
  • Ernst & Young Pvt. Ltd.
  • Indian Oil Corporation Limited
  • Idemitsu - Japan
  • Parliament of New Zealand
  • NTPC Limited - India
  • OPG Power Generation Pvt Ltd - India
  • Semirara Mining Corp, Philippines
  • Maybank - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • PetroVietnam
  • Tamil Nadu electricity Board
  • Britmindo - Indonesia
  • Arch Coal - USA
  • CoalTek, United States
  • Moodys - Singapore
  • Thailand Anthracite
  • Cigading International Bulk Terminal - Indonesia
  • U S Energy Resources
  • Anglo American - United Kingdom
  • PTC India Limited - India
  • Pinang Coal Indonesia
  • Grasim Industreis Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Maersk Broker
  • Indonesian Coal Mining Association
  • Rashtriya Ispat Nigam Limited - India
  • Peabody Energy - USA
  • Arutmin Indonesia
  • Reliance Power - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Madhucon Powers Ltd - India
  • Deloitte Consulting - India
  • Ministry of Finance - Indonesia
  • Dalmia Cement Bharat India
  • GMR Energy Limited - India
  • Ministry of Transport, Egypt
  • Intertek Mineral Services - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Indonesia Power. PT
  • Siam City Cement PLC, Thailand
  • Vedanta Resources Plc - India
  • Japan Coal Energy Center
  • Kapuas Tunggal Persada - Indonesia
  • Gupta Coal India Ltd
  • Iligan Light & Power Inc, Philippines
  • Australian Coal Association
  • J M Baxi & Co - India
  • Maruti Cements - India
  • EIA - United States
  • Tata Power - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Maharashtra Electricity Regulatory Commission - India
  • Global Coal Blending Company Limited - Australia
  • Mitsubishi Corporation
  • Sical Logistics Limited - India
  • Planning Commission, India
  • KPMG - USA
  • LBH Netherlands Bv - Netherlands
  • Global Business Power Corporation, Philippines
  • Russian Coal LLC
  • Kalimantan Lumbung Energi - Indonesia
  • Wood Mackenzie - Singapore
  • JPMorgan - India
  • Barclays Capital - USA
  • Merrill Lynch Bank
  • JPower - Japan
  • Bukit Baiduri Energy - Indonesia
  • Singapore Mercantile Exchange
  • Agrawal Coal Company - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Uttam Galva Steels Limited - India
  • bp singapore
  • Energy Link Ltd, New Zealand
  • CCIC - Indonesia
  • Rudhra Energy - India
  • GAC Shipping (India) Pvt Ltd
  • Tata Chemicals Ltd - India
  • Price Waterhouse Coopers - Russia
  • Tanito Harum - Indonesia
  • Kumho Petrochemical, South Korea
  • GHCL Limited - India
  • MS Steel International - UAE
  • Adani Power Ltd - India
  • SGS (Thailand) Limited
  • Marubeni Corporation - India
  • Bhoruka Overseas - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Manunggal Multi Energi - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Vijayanagar Sugar Pvt Ltd - India
  • Heidelberg Cement - Germany
  • Thermax Limited - India
  • Makarim & Taira - Indonesia
  • Coaltrans Conferences
  • Independent Power Producers Association of India
  • SN Aboitiz Power Inc, Philippines
  • SRK Consulting
  • Aditya Birla Group - India
  • Jorong Barutama Greston.PT - Indonesia
  • Xindia Steels Limited - India
  • Coalindo Energy - Indonesia
  • Platts
  • GN Power Mariveles Coal Plant, Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • Inco-Indonesia
  • Adaro Indonesia
  • Orica Mining Services - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • GVK Power & Infra Limited - India
  • KEPCO - South Korea
  • Toyota Tsusho Corporation, Japan
  • Mechel - Russia
  • Sojitz Corporation - Japan
  • ICICI Bank Limited - India
  • Jaiprakash Power Ventures ltd
  • Indo Tambangraya Megah - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • VISA Power Limited - India
  • Orica Australia Pty. Ltd.
  • Krishnapatnam Port Company Ltd. - India
  • Bank of China, Malaysia
  • GB Group - China
  • Cemex - Philippines
  • Kartika Selabumi Mining - Indonesia
  • Thomson Reuters GRC
  • Cebu Energy, Philippines
  • World Coal - UK
  • Thriveni
  • Core Mineral Indonesia
  • Freeport Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • McConnell Dowell - Australia
  • Samsung - South Korea
  • Bahari Cakrawala Sebuku - Indonesia
  • Argus Media - Singapore
  • Thiess Contractors Indonesia
  • Kobexindo Tractors - Indoneisa
  • Sree Jayajothi Cements Limited - India
  • SMG Consultants - Indonesia
  • WorleyParsons
  • Infraline Energy - India
  • Latin American Coal - Colombia
  • CNBM International Corporation - China
  • Oldendorff Carriers - Singapore
  • Jatenergy - Australia
  • Maheswari Brothers Coal Limited - India
  • Meralco Power Generation, Philippines
  • Straits Asia Resources Limited - Singapore
  • Carbofer General Trading SA - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Vitol - Bahrain
  • Asian Development Bank
  • UBS Singapore
  • Therma Luzon, Inc, Philippines
  • Kaltim Prima Coal - Indonesia
  • Energy Development Corp, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • Billiton Holdings Pty Ltd - Australia
  • Inspectorate - India
  • Videocon Industries ltd - India
  • Indika Energy - Indonesia
  • IMC Shipping - Singapore
  • Electricity Authority, New Zealand
  • Wilmar Investment Holdings
  • ACC Limited - India
  • The Treasury - Australian Government
  • Riau Bara Harum - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • TGV SRAAC LIMITED, India
  • Savvy Resources Ltd - HongKong
  • Indian Energy Exchange, India
  • The State Trading Corporation of India Ltd
  • Central Electricity Authority - India
  • ETA - Dubai
  • Kideco Jaya Agung - Indonesia
  • TeaM Sual Corporation - Philippines
  • Clarksons - UK
  • Economic Council, Georgia
  • Binh Thuan Hamico - Vietnam
  • Semirara Mining and Power Corporation, Philippines
  • Larsen & Toubro Limited - India
  • IHS Mccloskey Coal Group - USA
  • Malco - India
  • Edison Trading Spa - Italy
  • Deutsche Bank - India
  • TANGEDCO India
  • Siam City Cement - Thailand
  • Minerals Council of Australia
  • AsiaOL BioFuels Corp., Philippines
  • Banpu Public Company Limited - Thailand
  • globalCOAL - UK
  • Ince & co LLP
  • Bharathi Cement Corporation - India
  • APGENCO India
  • BRS Brokers - Singapore
  • Mintek Dendrill Indonesia
  • Bukit Makmur.PT - Indonesia
  • Total Coal South Africa
  • SASOL - South Africa
  • Glencore India Pvt. Ltd
  • Pendopo Energi Batubara - Indonesia
  • Altura Mining Limited, Indonesia
  • Credit Suisse - India
  • Salva Resources Pvt Ltd - India
  • Borneo Indobara - Indonesia