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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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Wednesday, 26 October 11
PWCS GLOBAL SHIPPING BENCHMARKING ANALYSIS: RECOVERY IN 2010 BUT GREAT UNCERTAINLY FOR 2011
The recovery of global trade in 2010 to the same levels as 2008 led to an improvement in the overall performance of shipping companies in 2010 compa ...
Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...
Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...
Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
Monday, 24 October 11
CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
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- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
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