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Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT Mustika Indah Permai ("MIP") from Elite Rich Investment Limited for US$ 222.5 million on 19 August 2011, according to statement issued by PT Adaro Energy today.
MIP is a coal mining company developing a greenfield coal project in South Sumatra. MIP holds a mining permit, known in Indonesian as an IUP, which was granted in April 2010 for a period of twenty years. The project covers an area of approximately 2,000 hectares.
Adaro Energy’s President Director, Mr.Garibaldi Thohir said, “our investment in MIP is part of our drive to create sustainable value from Indonesian coal and achieve our vision to become a leading Indonesian mining and energy group.”
MIP is one of a number of acquisitions opportunities that, together with organic growth, will help Adaro Energy to achieve 80 million tonnes of production in the medium term. Adaro Energy’s advisors and engineers visited the area in November 2010 and subsequently carried out a geological and drilling program, the statment further said.
Following these and other detailed studies, Adaro Energy decided to pursue a majority ownership in MIP.
Adaro Energy has evaluated the geological information available for MIP and considers that there is significant open cut coal mining potential. The coal geology at MIP was sufficiently uniform. The structure, thickness and quality of the coal seams were considered well enough defined by the density of drill holes that AE was confident to proceed with the purchase of this potential coal area, even though some incremental technical work is still required before an official statement of Coal Resources and Reserves can be made, the statment said.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com
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Sunday, 18 September 11
THE COAL IMPORTS TO INDIA, OUT OF INDONESIA LIKELY TO PICK UP - CAPT. REDDY
COALspot.com - The freight market continued the upward trend until midweek almost touching 2,000 points, however towards second half of the week the ...
Saturday, 17 September 11
GVK ACQUIRES HANCOCK COAL AND INFRASTRUCTURE FOR US$ 1.26 BILLION
COALspot.com - GVK group, India’s leading infrastructure developer,confirmed arrangements for the acquisition of a strategic part of large, hi ...
Saturday, 17 September 11
INDIA'S GVK ACQUIRES HANCOCK COAL AND INFRASTRUCTURE PROJECTS IN AUSTRALIA
COALspot.com - GVK group, India’s leading infrastructure developer, today confirmed arrangements for the acquisition of a strategic part of la ...
Friday, 16 September 11
DELTA DUNIA MAKMUR REMOVED 30.9 MILLION BCM OVERBURDEN IN AUGUST 2011
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 30.9 million bcm (+13.2% YoY) overburden in August 2011 while coal production was at 2.9 ...
Thursday, 15 September 11
RUSSIAN COAL EXPORTS UP 10.9% IN JAN-AUG TO 71.50 MILLION TONS - PORT NEWS / HELLENIC SHIPPING
Port News reported that, Coal exports from Russia in January-August 2011 grew by 10.9% compared with the same period last year, to 71.50 million ton ...
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- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Parliament of New Zealand
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
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