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Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Servo Meda Sejahtera (SMS) for Rp200 billion (US$ 22.560 million) from PT Servo Infrastructure (SI).
Garibaldi Thohir, CEO of Adaro Energy, in a morning note published by PT Mandiri Sekuritas today, said that it is part of the company’s strategy in developing coal mining asset in South Sumatra, which creating long term sustainable complete integrated value chain.
Servo Meda is a privately integrated coal mining services company that established in the idea of developing transportation solution to South Sumatra region. Through its subsidiary, PT Servo Lintas Raya, Servo develop and construct 228 km haul road in South Sumatera for coal transportation that will connect the mines in Lahat, Muara Enim and Banyuasin regencies with terminal in Tanjung Lago at Banyuasin river.
The 1st construction stage has started since October 2008 and It has a capacity target of 50 million tons of coal in the fourth or 50 years of its operation.
Servo also owns coal mines in Lahat regency including PT Batubara Lahat, PT Bumi Merapi Energy and PT Bara Alam Sumatera which also have legal issue with PTBA. It produced about 3 million tons of coal per year. Servo also has coal mines in Lokpaikat and Bungur in South Kalimantan with a total production of 2 million tons of coal per year.
"We expect It is part of series transaction with the recent 75% stake coal asset acquisition of Mustika Indah Permai (MIP). Altogether Adaro coupling local partners in Lahat region to strengthen its position to leverage its inorganic growth by unlocking abundant “coal treasure” in South Sumatra."
However it remains a long time story to talk about the development of their projects since it is still in a legal case with PTBA which most of their concessions are halted in the meantime waiting for final decision from supreme court.
Source: Insider Stories
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Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
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- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
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