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Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limited have agreed to extend a due diligence period to enable the accomplishment of small number of outstanding items, quoted by Insider Stories.
Insider Stories further reported, in an official statement obtained today, both companies initially set a 30 days of the due diligence on January 28 2011.
The extension won't delay the transaction's accomplishment. Both Bayan and Kangaroo are continuing to finalize independent experts' reviews on the assets, ahead of shareholder meetings to approve the transaction.
On December 28 2010, Bayan and Kangaroo Resources entered into a share purchase agreement.
Bayan will inject Kangaroo Resources with 9 coal concession assets in East Kalimantan with coal resources of 3.8 billion metric tons.
In return, Kangaroo Resources will issue new shares, enabling Bayan Resources to control Kangaroo Resources.
Bayan also entered into share sale and purchase agreements with three buyers PT Ilthabi Bara Utama, Prime Mine Resources Limited, Romo Nitiyudi Wachjo, on December 28 2010 to acquire 9 coal concession assets in East Kalimantan.
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Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...
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- Orica Mining Services - Indonesia
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- Sakthi Sugars Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
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- Edison Trading Spa - Italy
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- Ministry of Transport, Egypt
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- Toyota Tsusho Corporation, Japan
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- Bangladesh Power Developement Board
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- Thai Mozambique Logistica
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- Wilmar Investment Holdings
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- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
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- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
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- Directorate Of Revenue Intelligence - India
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- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- MS Steel International - UAE
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
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- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
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- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Planning Commission, India
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- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Economic Council, Georgia
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- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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