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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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Friday, 28 October 11
RISING COAL PRICES TO WORSEN CHINA'S WINTER POWER CRUNCH - CRI ENGLISH
CRI English reported that, the rising price of coal is fueling concerns about a power crunch set to plague China this winter, analysts said.
The ...
Thursday, 27 October 11
CAPESIZE REACHING NEW HIGHS - FEARNLEYS
Handy
Pacific market has mixed sentiments with tonnages fixed at firm levels and some tonnages in feast failing on subs.For indo-india, large eco ...
Thursday, 27 October 11
DRY BULK MARKET EDGES DOWN AS CHINAS IRON ORE DEMAND LOSES GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A plunge in Chinese iron ore demand, as a result of high steel inventories and a bleak outlook regarding steel prices, has prompted the dry bulk mar ...
Thursday, 27 October 11
BUKIT ASAM 3Q PROFIT SURGES 66.91%
Insider Stories reported that, the state-controlled coal miner PT Bukit Asam Tbk (PTBA) experienced a 66.91% increase in its net profit during a per ...
Wednesday, 26 October 11
MOODYS SEES MORE GROWTH FOR INDONESIAN COAL MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal mining industry looks set to grow despite an uncertain global economic outlook, according to ...
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- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- The University of Queensland
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- MS Steel International - UAE
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